July 19, 2017
BRITANNIA (NSE Cash)
BUY
` 3670
` 3810 - 3830
` 4050
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 10:25 IST)
Justification:
The stock is in an uptrend since last few months continuously moving in a HIGHER TOP HIGHER BOTTOM formation. During
last few weeks, prices have consolidated in a range which seems to be over with prices breaking the higher range of
consolidation with a good increase in volume. The consolidation breakout from the last two months has resulted in a ‘Saucer’
formation. Stock prices have now entered uncharted territory and with a positive placement of momentum oscillator RSI on the
daily chart, we expect a continuation of the northward journey. Hence, traders are advised to buy this stock at current
levels and on declines at `3810 for a target of `4050 over the next 14 - 21 sessions. The stop loss should be fixed at
`3670.
Rajesh Bhosale
022-3935 7600 Extn: 6844
1
July 19, 2017
Last 7 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
17-07-17
Indusind Bank
SELL
1566 - 1572
1575
1518
1599
Active
13-07-17
Godrej Ind.
SELL
668 - 665
669
631
-
684.25
Active
12-07-17
MGL
BUY
1000 - 1009
983
1075
-
968
Active
07-07-17
DELTACORP
BUY
167 - 168.50
166
190
-
156
Active
05-07-17
GSFC
BUY
124-125
126
137
-
118
Active
05-07-17
Lupin
BUY
1047 - 1056
-
1145
-
1005
Booked Profits at 1125
05-07-17
Tata Chemical
BUY
634 - 639
630
675
-
619
Active
*Indusind Bank dividend adjusted price.
Source: Angel Research
Research Team Tel: 022 - 4000 3600
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate
the contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this
report. Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we
cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this
document. While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material,
there may be regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
2
