November 16, 2015
Bharti Airtel (NSE Cash)
SELL
` 325
` 338 - 335
` 362
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 10:45 IST)
Justification:
Post recent corrective action, the prices had formed a ‘Doji’ candle near its support zone on weekly charts. On
daily charts, the stock seem to be forming a ‘Double Bottom’ pattern’ as prices have been consolidating near
the support levels seen in September 2015. The ‘RSI’ indicator on daily charts in forming higher top higher
bottom and thus prices can give a pullback upmove in near term. Hence, we advise traders to buy this
stock from current level and on decline up to ` 335 for a target of ` 362 in coming 14 to 21 trading
sessions. The stop loss for this trade set up can be kept at ` 325.
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November 16, 2015
Last 9 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2 Stop-loss
Status
16-11-15
Yes Bank
SELL
738 - 744
746
683
-
769
Active
13-11-15
HPCL
SELL
760 - 764
770
702
-
794
Active
10-11-15
HCL Tech
SELL
862 - 867
831
812
-
890
Revised SL to 848
06-11-15
Adani Ports
BUY
283 - 281
-
308
-
269.50
SL Triggered
04-11-15
Rel Infra
BUY
397 - 395
-
425
-
383
SL Triggered
04-11-15
Ashok Leyland
BUY
92.70 - 92
-
100
-
89
SL Triggered
02-11-15
Bank Of Baroda
BUY
161.50 - 161
-
175
-
154
SL Triggered
29-10-15
LIC HsgFin
SELL
487 - 490
-
445
-
511
Booked at 458
23-10-15
ACC
BUY
1390 - 1380
-
1490
-
1337
Booked at 1404
Source: Angel Research
Research Team Tel: 022 - 30940000(Extn: 6552) Website: www.angelbroking.com Email: [email protected]
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