May 10, 2017
McDowell-N (NSE Cash)
BUY
` 1830
` 1900 - 1910
` 2045
14 - 21 sessions
Monthly Chart
Strong
support zone
Historical lows
Source: Falcon (Time: EOD as on 09/05/2017)
Justification:
This stock has undergone a massive price correction over the past two years after hitting record high of 4082 in the
month of March 2015. Now, looking at the monthly chart, it seems as if the corrective move is getting over and the stock
is in process of forming a strong base around the 1850 mark. This level coincides with important historical lows as well as
the 61.8% Fibonacci retracement of the entire large up move from 473.14 to 4082. Further, recent price and volume
activity indicates possibility of a decent upside move quite soon. As far as oscillators reading is concerned, the ‘RSI-
Smoothened’ on daily chart is now gradually pointing northwards. Thus, we advise traders to buy this stock at current
levels to a decline up to `1900 for a target of `2045 over the next 14 - 21 sessions. The stop loss should be fixed at
`1830.
Sameet Chavan
022-3935 7600 Extn: 6552
1
May 10, 2017
Last 13 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
09-05-17
Just Dial
BUY
498 - 502
509
540
-
480
Active
08-05-17
Dish TV
BUY
96 - 96.30
96
106
-
91
Active
04-05-17
Voltas
BUY
422 - 424
432
460
-
405
Active
02-05-17
M&M Ltd
BUY
1327 - 1335
1371
1430
-
1280
Active
25-04-17
Arvind
BUY
407-409
422
434
-
395
Active
25-04-17
Jindal Poly
BUY
432 - 436
423
480
-
410
Active
25-04-17
Cox & Kings
BUY
224 - 227
224
254
-
212
Active
24-04-17
Bharat Forge
BUY
1100 - 1108
1127
1195
-
1060
Active
21-04-17
Siemens
BUY
1318 - 1325
-
1430
-
1274
Target Achieved
11-04-17
Ambuja Cements
BUY
244 - 246
-
263
-
235
Target Achieved
06-04-17
Tata Elexi
BUY
1550 - 1560
1544
1700
-
1480
Active
05-04-17
Pidilite
BUY
714 - 718
-
760
-
694
Booked Profit at 748
06-03-17
Bajaj Auto
BUY
2840 - 2855
2894
3030
-
2748
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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 from
or in connection with the use of this information.
2
