July 26, 2016
TVS Motor (NSE Cash)
BUY
` 296
` 307 - 304
` 325
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 09:20 IST)
Justification:
The stock has been consolidating in a range of `295-317 since last couple of weeks. During the consolidation,
the prices have taken support near the 89EMA on daily charts. The ‘SuperTrend’ indicator is also in ‘Buy’ mode
and the ‘RSI’ oscillator is indicating positive momentum. Considering the above technical reasons, we are
expecting breakout from the trendline resistance shown in the chart. Thus, traders are advised to buy the
stock at current levels and on declines up to `304 for a target of `325 in next 14 - 21 sessions. The stop
loss for the trade set-up can be kept at `296.
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July 26, 2016
Last 11 recommendations
Date
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Target 2
Stop-loss
Status
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201-199
208
222
-
188
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19-07-16
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SELL
310 - 313
306
291
-
321
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18-07-16
Ceat
BUY
877-872
912
943
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841
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18-07-16
M & M*
BUY
1462 - 1456
1465
1556
-
1410
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14-07-16
BEML
BUY
900 - 912
985
1020
-
845
Revised SL to 926
11-07-16
Rel capital
BUY
408 - 411
432
436
-
396
Active
05-07-16
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BUY
228 - 225
224
260
-
210
Active
Source: Angel Research
*Dividend of ` 12/share adjusted
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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