February 07, 2017
Kesoram Ind (NSE Cash)
BUY
` 143.50
` 152 - 154
` 172
14 - 21 Sessions
Daily Chart
Source: Falcon (Time: 13:50 IST)
Justification:
Post the corrective move in the stock from `200 to117, the stock has been consolidating around the ‘200 SMA’ support
since last couple of months. In today’s trading session, prices have given breakout from the consolidation phase. The
volume in the stock in last few sessions is higher, thus supporting the breakout move. The ‘5&20 EMA’ on daily chart is
indicating a short term uptrend and the ‘RSI’ oscillator is trading around the recent high, thus hinting at further
positive momentum. Thus, we advise traders to buy this stock at current levels and on declines up to `152 for a
target of `172 in coming 14 - 21 sessions. The stop loss for this trade set up can be kept at `143.50.
Ruchit Jain
022-3935 7600 Extn: 6554
1
February 07, 2017
Last 9 recommendations
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Booked Profit at 203.50
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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