(Short Term Cash)
November 10, 2016
UBL (NSE Cash)
BUY
` 871
` 908 - 912
` 966
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 14.33 IST)
Justification:
If we closely observe the weekly chart, the ‘Higher Top Higher Bottom’ formation is visible. Of late, the stock
prices underwent a decent price correction after posting a high of 977.45 during the early part of October. In
the process, the stock prices reached its daily ’89 EMA’ placed around 860. This trend following indicator has
been acting as a sheet anchor since last couple of weeks. Today, we witnessed a breakout on hourly chart
with reasonably higher volumes. In addition, the daily ‘RSI-Smoothened’ oscillator has confirmed a positive
crossover. Considering these observations, traders are advised to buy this stock at current levels and on
a decline up to `908 for a target of `966 in coming 14-21 sessions. The stop loss for this trade set up
can be kept at `871.
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November 10, 2016
Last 7 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
10-11-16
Max Fin.Ser.
BUY
575 - 571
573
645
-
533
Active
08-11-16
CRISIL
BUY
2190 - 2210
-
2350
-
2140
SL Triggered
03-11-16
BPCL
SELL
650 - 655
-
612
-
672
SL Triggered
02-11-16
Maruti Suzuki
SELL
5790 - 5820
-
5460
-
5982
Target Achieved
02-11-16
PFS
BUY
41.50 - 40.50
-
48
-
38
SL Triggered
02-11-16
PFC
SELL
119.50 - 120
-
112.50
-
123.80
Booked Profit at 113.90
27-10-16
Shriram Transport
SELL
1110 - 1100
-
1030
-
1146
Target Achieved
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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