September 01, 2017
ICICIPRULI (NSE Cash)
BUY
` 422
` 435 - 439
` 469
14 - 21 sessions
Daily Chart
Completion of recent
corrective move
Source: Falcon (Time: 12.00 IST)
Justification:
We witnessed a good price appreciation in this stock immediately post its inception. However, the counter slipped into a
consolidation mode after posting a new high of 505.79 in the month of July. The stock spent some time around 420 - 425 as
the key short term moving average (89) provided a rock solid support in the recent correction. Today, we are witnessing a good
positive traction along with tremendous buying interest in the stock. Considering the ‘u-turn’ in daily ‘RSI-Smoothened’, we
expect the stock prices to resume its higher degree uptrend. Thus, we recommend buying this stock at current levels and
on corrections up to `435 for a target of `469 over the next 14 - 21 sessions. The stop loss should be fixed at `422.
Sameet Chavan
022-3935 7600 Extn: 6552
1
September 01, 2017
Last 6 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
01-09-17
GAIl
BUY
386 - 389
388
410
-
377
Active
01-09-17
Asian Paints
BUY
1170 - 1178
1198
1245
-
1135
Active
31-08-17
GSFC
BUY
143 - 145
145
159
-
137
Active
28-08-17
L&TFH
BUY
178 - 180
-
197
-
171
Booked Profit at 191.50
23-08-17
Pidilite Ind
BUY
815 - 820
844
880
-
792
Active
22-08-17
Bharat Financial
BUY
853 - 862
894
920
-
827
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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