April 25, 2017
Cox & Kings (NSE Cash)
BUY
` 212
` 224 - 227
` 254
14-21 sessions
Daily Chart
Source: Falcon (Time: 09.40 IST)
Justification:
Recently, the stock has been forming ‘Higher Top Higher Bottom’ structure on the daily charts. In last few trading
session, the prices have consolidated in a narrow range. The consolidation just seems to be a time- wise correction
within an uptrend. The ‘RSI’ oscillator on the daily chart in indicating a positive momentum and hence, we are expecting
an upmove in the stock in near term. Thus, we advise traders to buy this stock at current levels to a decline up to
`224 for a target of `254 over the next 14-21 sessions. The stop loss should be fixed at `212.
Ruchit Jain
022-3935 7600 Extn: 6554
1
April 25, 2017
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Source: Angel Research
Research Team Tel: 022 - 4000 3600
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