June 01, 2016
REC (NSE Cash)
BUY
` 156
` 164 - 162
` 178
5-10 sessions
161
158
171
179
Bullish
Daily Chart
Source: Falcon (Time - IST 09.40)
This has been a clear underperforming stock along with its peers over the past fourteen months. The
higher degree trend remains bearish; but, we are sensing some possibility of a trading bounce in the
stock.
On the daily chart, the ‘Parabolic SAR’ indicator has turned in a ‘Buy’ mode along with the positive
placement of momentum oscillators.
In addition, the hourly chart depicts a breakout from the ‘Cup and Handle’ pattern at `163; indicating
strength in stock prices.
Thus, we advise traders to buy this stock from current level to a decline up to ` 162 for a target of `
178 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept at ` 156.
June 01, 2016
REC (NSE Cash)
Last 7 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
27-05-16
Hero MotoCorp
BUY
3020 - 2990
3128
3240
-
2880
Active
27-05-16
Ceat
BUY
925 - 921
926
992
-
891
Active
17-05-16
Tata MTR DVR
BUY
273 - 271
-
291
-
261
SL Triggered
12-05-16
TCS
BUY
2555 - 2545
-
2685
-
2480
SL Triggered
11-05-16
Arvind
BUY
295 - 292
-
316
-
382
Booked at 313
10-05-16
Glenmark Pharma
BUY
841 - 837
-
898
-
809
Booked at 864
05-05-16
Ambuja Cement
BUY
213 - 211
-
227
-
205
Booked at 222
Source: Angel Research
Research Team Tel: 022 - 40003600 (Extn.6552)
E-mail: [email protected]
Website: www.angelbroking.com
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