April 27, 2016
ONGC (NSE Cash)
BUY
` 208
` 217.50 - 216
` 235
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 09:20 IST)
Justification:
Since past many months, the stock has been forming lower tops and lower bottoms. The price movement
since last six months has been confined in a falling channel which can be seen in above exhibit. In last few
sessions, prices have shown strength and are showing signs of breakout from the mentioned channel. With
indicators such as ‘Super Trend’ and ‘RSI’ in positive mode, breakout from the channel could lead to further
upside move in the stock in near term. Thus, we advise traders to buy the stock at current levels and on
correction upto `216 for a target of`235. The stop loss for the trade set-up can be kept at `208.
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April 27, 2016
Last 10 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2 Stop-loss
Status
22-04-16
PFC
BUY
175.50 - 173
183
167
-
189
Revise SL to 177
21-04-16
DLF
SELL
123 - 125
-
113
-
129
Exited at 123.50
18-04-16
Sun TV
BUY
364 - 361
360
393
-
348
Active
18-04-16
Bharti Infratel
BUY
397 - 394
-
425
-
381
SL Triggered
13-04-16
RCOM
BUY
53.20 - 52.50
58.50
60
-
49.50
Revised SL to 56
13-04-16
Apollo Tyre
BUY
169.50 - 168
-
183
-
162.50
SL Triggered
12-04-16
Zee Ent
BUY
400 - 397
416
430
-
381.50
Active
11-04-16
Pidilite
BUY
607 - 602
-
650
-
582
Exited at 602
08-04-16
Ajanta Pharma
BUY
1445 - 1430
-
1565
-
1380
Booked Profit at 1537
18-03-16
HCL Tech
BUY
823 - 815
854
880
-
789
Revised SL to 833
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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