(Short Term Cash)
December 08, 2016
Titagarh Wagons (NSE Cash)
BUY
` 105
` 113 - 114
` 130
14 - 21 Sessions
Daily Chart
Source: Falcon (Chart Time: 11:55 IST)
Justification:
Post consolidation in a broad range, the stock gave breakout from the resistance during the month of August. The
stock then rallied higher upto Rs. 125 and has been consolidating since then. The prices have recently tested the
support (which earlier acted as resistance) and has shown signs of resumption of the uptrend. The ‘RSI’ oscillator is
heading northwards and thus, we are expecting an upmove in the stock in near term. Thus, we advise traders to buy
this stock at current levels and on declines to `113 for a target of `130 in coming 14 - 21 sessions. The stop loss for
this trade set up can be kept at `105.
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December 08, 2016
Last 13 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
08-12-16
SAIL
BUY
53 - 53.70
54
60
-
50.20
Active
08-12-16
Tata MTR DVR
BUY
297 - 301
303
324
-
288
Active
06-12-16
Tata Chem
BUY
484 - 488
505
524
-
467
Active
05-12-16
M&M
BUY
1170 - 1180
1200
1280
-
1130
Active
05-12-16
M&M Fin
BUY
267-270
283
295
-
255
Active
05-12-16
Asian Paints
BUY
912 - 918
937
1008
-
868
Active
29-11-16
Biocon
BUY
896 - 902
923
990
-
853
Active
29-11-16
Castrol
BUY
395 - 398
405
428
-
381
Active
25-11-16
KTK Bank
BUY
102 - 103
107.50
118
-
94
Active
24-11-16
HDFC Bank
BUY
1170 - 1178
1196
1259
-
1135
Active
22-11-16
Voltas
BUY
297 - 300
321
334
-
282
Active
22-11-16
Titan
BUY
306 - 310
330
348
-
289
Revised SL to 320
11-11-16
Reliance Ind.
BUY
1014 - 1005
1017
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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