September 03, 2015
Rel.Infra (NSE Cash)
BUY
` 332
` 345 - 343
` 368
5-10 sessions
335
332
360
370
Bullish
Support at 38.2%
Source: Falcon (Chart time - IST 13.52)
A recent correction from the level of `435.50 precisely halted around the ‘Multi-year’ support
zone as well as the 161% reciprocal retracement level (of the recent up move)of `290 and
then the stock managed to give a sharp recovery of nearly 20 percent in merely three
sessions.
This bounce from the lower level too got retraced by 38.2% and after hovering around it for
four days, the stock prices are now on the verge of giving a good move on the upside.
In addition, the daily ‘RSI-Smoothened’ momentum oscillator is positively poised; providing
credence to above mentioned hypothesis.
Thus, we advise traders to buy this stock from current level to a decline up to ` 343 for a
target of ` 368 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be
kept at ` 332.
September 03, 2015
Rel.Infra (NSE Cash)
Last 7 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
Revise SL to 1365
02-09-2015
ACC
BUY
1344 - 1338
1396
1418
-
1305
Target Achieved
31-08-2015
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2280 - 2270
-
2400
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2210
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287 - 290
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268
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299
SL triggered
26-08-2015
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920 - 925
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850
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960
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370
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336
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25-08-2015
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880
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Active
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2590
2710
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