September 11, 2017
Havells (NSE Cash)
BUY
` 483
` 496 - 500
` 530
14 - 21 sessions
Daily Chart
Attempt to
move out
Source: Falcon (Time: 10.50 IST)
Justification:
The stock has been vacillating within the boundaries of two contracting trend lines since last three months. Today, we are
seeing a genuine attempt to traverse the upper range around 499 as the volume activity during this price development is quite
encouraging. Further, if we look at the momentum oscillators reading, the ‘RSI-Smoothened’ on daily chart is continuing its
upward trajectory by entering the overbought zone above the 70 mark. This we believe would provide the impetus for the up
move. Hence, we recommend buying this stock at current levels and on corrections up to `496 for a target of `530 over
the next 14 - 21 sessions. The stop loss should be fixed at `483.
Sameet Chavan
022-3935 7600 Extn: 6552
1
September 11, 2017
Last 9 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
07-09-17
Britannia
BUY
4270-4285
4312
4490
-
4170
Active
05-09-17
RCF
BUY
96.50 - 97.50
100.70
107
-
92
Active
04-09-17
Equitas
BUY
169 - 171
-
185
-
163
Booked Profit at 179.50
01-09-17
Ambuja cem
BUY
282-284
284
310
-
271
Active
01-09-17
ICICIPRULI
BUY
435 - 439
441
469
-
422
Active
01-09-17
GAIL
BUY
386 - 389
-
410
-
377
SL Triggered
01-09-17
Asian Paints
BUY
1170 - 1178
-
1245
-
1135
Booked Profit at 1210
31-08-17
GSFC
BUY
143 - 145
147
159
-
137
Active
23-08-17
Pidilite Ind
BUY
815 - 820
842
880
-
792
Booked at 842
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
