June 12, 2017
M&M Fin. (NSE Cash)
BUY
` 339
` 353 - 356
` 385
14 -21 sessions
Daily Chart
Source: Falcon (Time:
09:55 IST)
Justification:
This stock had recently given a breakout from a falling trendline resistance and moved higher with good volumes. In last
few trading sessions, the prices have retraced some of those gains and are currently trading near the 38.2% retracement
support of the recent upmove. The retracement support also co-incides with the previous resistance, which should now act
as a support according to the role reversal technique of trendlines. Considering the above technical setup, there is higher
probability of the stock resuming the uptrend in near term. Hence, we advise traders to buy this stock at current levels and on
declines at `353 for a target of `385 over the next 14- 21 sessions. The stop loss should be fixed at `339.
Ruchit Jain
022-3935 7600 Extn: 6554
June 12, 2017
Last 10 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2
Stop-loss
Status
12-06-17
M&M
BUY
1445-1455
1447
1545
-
1398
Active
09-06-17
CanFin Home
BUY
2880-2915
3021
3155
-
2780
Active
08-06-17
Manappuram
BUY
93.50 - 94.50
93
104
-
89.25
Active
05-06-17
HPCL
BUY
543 - 546.50
-
575
-
531
SL Triggered
05-06-17
Bajaj Auto
BUY
2880 - 2900
2851
3110
-
2770
Active
01-06-17
GSPL
BUY
174-175
170.50
188
-
168
Actve
01-06-17
STAR
BUY
920 - 926
927
1000
-
888
Active
30-05-17
Bank of Baroda
BUY
175 - 176
171
194
-
166
Active
26-05-17
NMDC
BUY
113
- 114
115.50
129
-
106
Active
23-05-17
Ambuja Cements
BUY
239-241
233
257
-
232
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600
Email: technicalresearch-
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
2
