(Short Term Cash)
December 08, 2016
Tata MTR DVR (NSE Cash)
BUY
` 288
` 297 - 301
` 324
14 - 21 Sessions
Daily Chart
Source: Falcon (Chart Time: 09:50 IST)
Justification:
Due to some global concerns, this stock had undergone a lot of stress along with ‘Tata Motors’ in the recent past.
However, prices seem to have stabilised around the weekly ’89-EMA’ placed at 297. Last week, we saw a formation of
‘Doji’ pattern around the mentioned support zone. This pattern has now been confirmed as thus, we expect a decent
recovery in prices. Today, we are witnessing a breakout on hourly chart with rise in volumes. In addition, the ‘RSI-
Smoothened’ oscillator is now pointing northwards, which we believe would lead to a strong bounce. Thus, we advise
traders to buy this stock at current levels and on declines to `297 for a target of `324 in coming 14 - 21 sessions. The
stop loss for this trade set up can be kept at `288.
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December 08, 2016
Last 12 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
06-12-16
Tata Chem
BUY
484 - 488
502
524
-
467
Active
05-12-16
M&M
BUY
1170 - 1180
1204
1280
-
1130
Active
05-12-16
M&M Fin
BUY
267-270
285
295
-
255
Active
05-12-16
Asian Paints
BUY
912 - 918
944
1008
-
868
Active
29-11-16
Biocon
BUY
896 - 902
925
990
-
853
Active
29-11-16
Castrol
BUY
395 - 398
404
428
-
381
Active
25-11-16
KTK Bank
BUY
102 - 103
107.50
118
-
94
Active
24-11-16
HDFC Bank
BUY
1170 - 1178
1194
1259
-
1135
Active
22-11-16
Voltas
BUY
297 - 300
324
334
-
282
Active
22-11-16
Titan
BUY
306 - 310
335
348
-
289
Revise SL to 320
16-11-16
Axis Bank
BUY
469 - 473
-
515
-
449
SL triggered
11-11-16
Reliance Ind.
BUY
1014 - 1005
1014
1080
-
974
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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