October 15, 2015
DHFL (NSE Cash)
BUY
` 222
` 233 - 231
` 252
14 - 21 sessions
Daily Chart
Breakout from a
stiff resistance
zone
Rising RSI
Source: Falcon (Chart Time: IST 12.00)
Justification:
This stock is currently trading in a medium term consolidation mode. Within this, we are seeing signs of
further strength in smaller degree chart. The stock has given a breakout from the recent hurdle of `232 along
with decent volumes. Also, the stock is maintaining its position well above the daily ’89-EMA’ level of `225;
indicating strength. Looking at the positive placement of the weekly ‘RSI-Smoothened’ momentum oscillator,
we expect the stock to extend this rally in the near term. Thus, we advise traders to buy this stock from
current level to a decline up to ` 231 for a target of ` 252 in coming 14 to 21 trading sessions. The stop
loss for this trade set up can be kept at ` 222.
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October 15, 2015
Last 5 recommendations
Date
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CMP
Target 1
Target 2 Stop-loss
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348
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-
316
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279
Target Achieved
Source: Angel Research
Research Team Tel: 022 - 30940000(Extn: 6552) Website: www.angelbroking.com Email: [email protected]
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