September 01, 2017
Asian Paints (NSE Cash)
BUY
` 1135
` 1170 - 1178
` 1245
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 9.45 IST)
Justification:
Since last four months, the prices have consolidated in a narrow range. This consolidation phase seem to be a time correction
within a broader uptrend. The prices are on the verge of breakout from the higher end of the range. The’RSI’ oscillator on the
daily as well as the weekly chart is indicating a positive momentum. Hence, we are expecting the prices to resume its higher
degree uptrend and move higher in near term. Thus, we recommend buying this stock at current levels and on corrections
up to `1170 for a target of `1245 over the next 14 - 21 sessions. The stop loss should be fixed at `1135.
Ruchit Jain
022-3935 7600 Extn: 6554
1
September 01, 2017
Last 4 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
31-08-17
GSFC
BUY
143 - 145
146
159
-
137
Active
28-08-17
L&TFH
BUY
178 - 180
-
197
-
171
Booked Profit at 191.50
23-08-17
Pidilite Ind
BUY
815 - 820
846
880
-
792
Active
22-08-17
Bharat Financial
BUY
853 - 862
890
920
-
827
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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