June 02, 2017
Karur Vysya Bank (NSE Cash)
BUY
` 115
` 120 - 121.50
` 133
14 - 21 sessions
Daily Chart
Source: Falcon (Time:
12:25 IST)
Justification:
The stock is in an uptrend since last few months. During last few weeks, prices have consolidated in a narrow range. The
consolidation phase just seems to be a time correction within an uptrend. The prices are indicating breakout from the
consolidation and thus, may resume the uptrend. The ‘RSI’ oscillator too has given a positive crossover from its support.
Considering the above technical setup, we are expecting an upmove in the stock in near term. Hence, we advise traders to
buy this stock at current levels and on declines at `120 for a target of `133 over the next 14- 21 sessions. The stop loss should
be fixed at `115.
Ruchit Jain
022-3935 7600 Extn: 6554
1
June 02, 2017
Last 10 recommendations
Date
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Target 1
Target 2
Stop-loss
Status
01-06-17
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178.50
188
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168
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01-06-17
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949
1000
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888
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641
680
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618
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178
194
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166
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462 - 466
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509
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442
SL Triggered
26-05-17
IBULHSGFIN
BUY
1065 - 1072
-
1150
-
1028
Booked at
1127
26-05-17
NMDC
BUY
113
- 114
113
129
-
106
Active
25-05-17
Mindtree
BUY
515 - 519
-
563
-
492.50
Booked at
546
23-05-17
Ambuja Cements
BUY
239-241
242
257
-
232
Active
02-05-17
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1327 - 1335
-
1430
-
1280
Booked at
1410
Source: Angel Research
Research Team Tel: 022 - 4000 3600
Email: technicalresearch-
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