January 19, 2016
HeroMotoco (NSE Cash)
BUY
` 2375
` 2468 - 2450
` 2635
14 - 21 sessions
Daily Chart
Source: Falcon (Time: IST 09:40)
Justification:
In yesterday’s trading session, the prices have formed a ‘Long Legged Doji’ pattern on daily charts. The
mentioned pattern suggests that the forces of demand and supply are nearing equilibrium and a shift in the
direction of trend may be coming. The ‘Stochastic’ indicator on daily charts is in oversold zone and is showing
positive crossover from the zone. Due to the above mentioned reasons, we are anticipating a pullback move
in the counter in near term. Hence, we advise traders to buy this stock at current levels and on declines
to ` 2450 for a target of ` 2635 in coming 14 to 21 trading sessions. The stop loss for this trade set up
can be kept at ` 2375.
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January 19, 2016
Last 6 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2 Stop-loss
Status
19-01-16
AuroPharma
BUY
806 - 802
806
872
-
770
Active
11-01-16
Divis Lab
SELL
1110 - 1115
1052
1020
-
1158
Revised SL to 1080
11-01-16
Axis Bank
BUY
419 - 416
-
450
-
402
SL Triggered
07-01-16
Power Grid
BUY
140 - 139
139
149
-
135.50
Revised SL to 137
05-01-16
Bharti Airtel
BUY
322 - 318
-
358
-
304
SL Triggered
31-12-15
Auropharma
SELL
878 - 883
-
808
-
906
Target Achieved
Source: Angel research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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