May 17, 2017
Cox & Kings (NSE Cash)
BUY
` 219
` 231 - 234
` 260
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 11:00 IST)
Justification:
After a long consolidation of nearly six weeks, the stock prices finally managed to breakout in the upward direction from
the ‘Trend Line’ resistance of 231 on a closing basis. The volume activity picked up substantially in this positive traction
that we saw couple of days back. As far as oscillator reading is concerned, the ‘RSI-Smoothened’ has entered a bullish
territory by surpassing the 70 mark. Looking at the broader degree chart structure, we expect a decent upside in this
stock in the near term. Hence, we advise traders to buy this stock at current levels to a decline up to `231 for a target
of `260 over the next 14 - 21 sessions. The stop loss should be fixed at `219.
Sameet Chavan
022-3935 7600 Extn: 6552
1
May 17, 2017
Last 14 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
16-05-17
Engineers Ind
BUY
171 - 172.50
173
188
-
163
Active
15-05-17
Fortis
BUY
205 -207
210
230
-
193
Active
15-05-17
Tata Steel
BUY
443 - 445
-
468
-
432
Target Achieved
15-05-17
Dr. Reddy
BUY
2610 - 2620
2706
2800
-
2515
Active
10-05-17
Den Network
BUY
102 - 103
100
117
-
95
Active
10-05-17
Axis Bank
BUY
520 - 525
-
560
-
498
SL Triggered
10-05-17
TWL
BUY
128 - 129.50
129
147
-
120
Active
09-05-17
Just Dial
BUY
498 - 502
514
540
-
480
Active
08-05-17
Dish TV
BUY
96 - 96.30
101
106
-
91
Active
04-05-17
Voltas
BUY
422 - 424
431
460
-
405
Active
02-05-17
M&M Ltd
BUY
1327 - 1335
1382
1430
-
1280
Active
24-04-17
Bharat Forge
BUY
1100 - 1108
1122
1195
-
1060
Active
06-04-17
Tata Elexi
BUY
1550 - 1560
1570
1700
-
1480
Active
06-03-17
Bajaj Auto
BUY
2840 - 2855
-
3030
-
2748
Booked at 3020
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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