June 03, 2016
2655 - 2635
Source: Falcon (Time - IST 09.40)
This has been one of the outperforming stocks within the ‘Automobiles’ space along with its peers.
After forming a very good chart structure, the stock is on the verge of hitting its new all time high.
The weekly ‘Super Trend’ indicator is in a ‘Buy’ mode along with the ‘RSI-Smoothened’ surpassing the
70 mark, which is extremely bullish sign.
Considering the positive hourly chart structure, we expect a continuation of this upward leg in the near
Thus, we advise traders to buy this stock from current level to a decline up to
2635 for a target
2840 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept
June 03, 2016
Last 7 recommendations
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
199 - 197
164 - 162
3020 - 2990
Booked at 3190
925 - 921
Tata MTR DVR
273 - 271
295 - 292
Booked at 313
841 - 837
Booked at 864
Source: Angel Research
Research Team Tel: 022 - 40003600 (Extn.6552)
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