June 01, 2016
Rel Infra (NSE Cash)
BUY
` 498
` 525 - 520
` 572
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: IST 15.00)
Justification:
Post sideways consolidation, the stock had recently given breakout from a falling channel. In last three trading
sessions, prices have corrected and have pulled back towards the channel, which should now act as support.
The ‘SuperTrend’ indicator on daily charts is in buy mode and thus the pullback move should be used as a
buying opportunity. We are expecting the stock to resume the short term uptrend and at current prices, the
risk reward is favourable for long position. Hence, we advise traders to buy the stock at current levels and
on declines up to `520 for a target of `572. The stop loss for the trade set-up can be kept at `498.
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June 01, 2016
Last 8 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2 Stop-loss
Status
01-06-16
M&M
BUY
1340 - 1330
1335
1460
-
1270
Active
30-05-16
Apollo Hospital
BUY
1370 - 1360
1410
1470
-
1310
Active
30-05-16
Godrej Ind
BUY
353 - 350
342
382
-
337
Active
27-05-16
IRB Infra
BUY
215 - 213
215.50
230
-
207
Exit
25-05-16
Siemens
BUY
1152 - 1145
-
1235
-
1108
Target Achieved
23-05-16
Petronet LNG
BUY
262 - 260
272
285
-
249
Revised SL to 268
20-05-16
Hindalco
BUY
88 - 87
-
98
-
82
Target Achieved
20-05-16
Reliance Inds
BUY
950 - 940
955
1008
-
918
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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