June 01, 2016
164 - 162
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
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
strength in stock prices.
Thus, we advise traders to buy this stock from current level to a decline up to
162 for a target
178 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept
June 01, 2016
Last 7 recommendations
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
3020 - 2990
925 - 921
Tata MTR DVR
273 - 271
2555 - 2545
295 - 292
Booked at 313
841 - 837
Booked at 864
213 - 211
Booked at 222
Source: Angel Research
Research Team Tel: 022 - 40003600 (Extn.6552)
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