June 15, 2016
Tech Mah (NSE Cash)
BUY
` 518
` 536 - 532
` 567
5-10 sessions
525
520
547
567
Bullish
Daily Chart
Source: Falcon (Time - IST 13:35)
The stock had recently given breakout from a consolidation zone and rallied higher upto 564 on 30th
May.
Since then, the stock has been consolidating in a narrow range and prices are currently trading near
the lower end of the range.
The 5&20 EMA crossover strategy and the ‘PSAR’ indicator are indicating a strong support around
current price levels.
Considering above technical evidences, we are expecting continuation of up move in the
counter. Thus, we advise traders to buy this stock from current level to a decline up to ` 532 for
a target of ` 567 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be
kept at ` 518.
June 10, 2016
Tech Mah (NSE Cash)
Last 5 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
08-06-16
Siemens
BUY
1230-1222
1248
1325
-
1180
Active
07-06-16
Arvind
SELL
310 - 312
-
295
-
318
SL Triggered
03-06-16
Bajaj Auto
BUY
2655 - 2635
2594
2840
-
2540
Active
02-06-16
Canara Bank
BUY
199 - 197
198
216
-
188
Active
01-06-16
REC
BUY
164 - 162
164.50
178
-
156
Active
Source: Angel Research
Research Team Tel: 022 - 40003600 (Extn.6552)
E-mail: [email protected]
Website: www.angelbroking.com
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