November 06, 2015
SBI (NSE Cash)
BUY
` 232
` 242 - 240
` 258
5-10 sessions
237
232
249
258
Bullish
Source: Falcon (Chart Time - IST 11.33)
This stock has undergone a massive corrective phase over the past 10 months along with its peer
counters. However, we are now seeing some signs of a short term reversal.
Recent up move from 220.15 to 257.10 precisely got retraced by 61.8% and after consolidating
around it for nearly 4 - 5 sessions, the stock is now showing a good traction along with decent
volumes.
Looking at the overbought condition of the momentum oscillators and hourly chart structure, we
expect this stock to give a decent bounce back in next few days.
Thus, we advise traders to buy this stock from current level to a decline up to ` 240 for a target
of ` 258 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept at `
232.
November 05, 2015
Godrej Ind. (NSE Cash)
Last 7 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
05-11-15
Godrej Ind.
SELL
394 - 396
292
371
-
408.50
Active
03-11-15
UltraTech Cement
BUY
2960 - 2940
-
3120
-
2870
SL Triggered
03-11-15
PNB
BUY
130.50 - 130
133
140
-
126
Active
30-10-15
Tata Chem.
SELL
411 - 413
412
388
-
424
Active
29-10-15
Lupin
BUY
1920 - 1910
-
2010
-
1868
SL Triggered
20-10-15
TCS
BUY
2500 - 2490
-
2600
-
2448
Exited at 2502
16-10-15
TVS Motor
BUY
247 - 245
-
262
-
239
Target Achieved