September 11, 2017
MCDOWELL-N. (NSE Cash)
BUY
` 2520
` 2580 - 2591
` 2720
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 11.10 IST)
Justification:
This stock has been consolidating in a range since last few weeks and is now trading near the higher range of bullish breakout
levels. The stock prices have rebounded from the support levels formed by trend line joining higher bottoms and bullish gap. At
current juncture, we are observing early signs of the bullish breakout with positive price formation on hourly chart with rising
volume. In addition, RSI has already crossed previous high supporting the pre-emptive buy signal. Hence, we recommend
buying this stock at current levels and on corrections up to `2580 for a target of `2720 over the next 14 - 21 sessions. The stop
loss should be fixed at `2520.
Rajesh Bhosale
022-3935 7600 Extn: 6844
1
September 11, 2017
Last 10 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2
Stop-loss
Status
11-09-17
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BUY
496-500
500
530
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483
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07-09-17
Britannia
BUY
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4315
4490
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4170
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BUY
96.50 - 97.50
100.70
107
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92
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04-09-17
Equitas
BUY
169 - 171
-
185
-
163
Booked Profit at 179.50
01-09-17
Ambuja cem
BUY
282-284
286.50
310
-
271
Active
01-09-17
ICICIPRULI
BUY
435 - 439
441
469
-
422
Active
01-09-17
GAIL
BUY
386 - 389
-
410
-
377
SL Triggered
01-09-17
Asian Paints
BUY
1170 - 1178
-
1245
-
1135
Booked Profit at 1210
31-08-17
GSFC
BUY
143 - 145
147.40
159
-
137
Active
23-08-17
Pidilite Ind
BUY
815 - 820
-
880
-
792
Booked Profit at 842
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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