June 13, 2017
Cox & Kings (NSE Cash)
BUY
` 230
` 243 - 245
` 275
14 -21 sessions
Daily Chart
Source: Falcon (Time:
09:35 IST)
Justification:
In last six months, we have witnessed a steady recovery in this stock from lower levels of 160. The stock has managed to
maintain its ‘Higher Top Higher Bottom’ structure and is now poised for a strong breakout from its ‘Horizontal Line’
resistance of
242. The volume activity has been decent in the recent past and looking at the placement of ‘RSI-
Smoothened’ on daily chart, we expect a continuation in the northward journey. Although, the benchmark index is in a
consolidation mode, we expect outperformance from this mid-cap counter to continue. Hence, we advise traders to buy this
stock at current levels and on declines at `243 for a target of `275 over the next 14- 21 sessions. The stop loss should be fixed at
`230.
Sameet Chavan
022-3935 7600 Extn: 6552
1
June 13, 2017
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Source: Angel Research
Research Team Tel: 022 - 4000 3600
Email: technicalresearch-
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