August 28, 2017
L&TFH. (NSE Cash)
BUY
` 171
` 178 - 180
` 197
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 10.50 IST)
Justification:
The stock is in an uptrend since last few months. During the last few weeks, prices have consolidated and have witnessed
resistance around 178 levels. The said consolidation seems to be over with prices trading above the resistance zone of 178 in
today’s trading session indicating a bullish breakout. The said breakout is witnessed with a bullish gap and with decent volumes.
All the above observation indicates a continuation of the primary uptrend. Thus, we recommend buying this stock at current
levels and on corrections up to `178 for a target of `197 over the next 14 - 21 sessions. The stop loss should be fixed at `171.
Rajesh Bhosale
022-3935 7600 Extn: 6844
[email protected]
1
August 28, 2017
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Source: Angel Research
Research Team Tel: 022 - 4000 3600
Website: www.angelbroking.com
Email: [email protected]
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