July 27, 2017
Omaxe Ltd. (NSE Cash)
BUY
` 203.50
` 207 - 208
` 216
5 - 10 sessions
Daily Chart
Breakout from recent
consolidation zone
Source: Falcon (Time: 11:35 IST)
Justification:
This stock has been a steady mover as compared to its peer counters. Recently, we witnessed a decent consolidation in this
stock. Today, the stock has managed to give a breakout from this consolidation zone around 207 along with modest rise in
volumes. We believe that this would be a good buying opportunity considering its overall performance in last few months and
technically speaking, all major indicators are still suggesting further upside in the stock. Going by the trend and today’s
momentum, we recommend buying this stock at current levels and on decline up to `207 for a target of `216 over the
next 5 - 10 sessions. The stop loss should be fixed at `203.50.
Sameet Chavan
022-3935 7600 Extn: 6552
1
July 27, 2017
Last 8 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
27-07-17
Karnataka bank
SELL
154.75 - 156
156
143
-
161
Active
21-07-17
Manappuram Fin
BUY
104.50 - 105.50
108
119
97
Active
21-07-17
Bata India
BUY
583 - 587
588
626
564
Active
19-07-17
Britannia
BUY
3810 - 3830
3850
4050
3670
Active
17-07-17
Indusind Bank
SELL
1566 - 1572
-
1518
1599
SL triggered
12-07-17
MGL
BUY
1000 - 1009
985
1075
-
968
Active
07-07-17
DELTACORP
BUY
167 - 168.50
170
190
-
156
Active
05-07-17
GSFC
BUY
124-125
-
137
-
118
Exited at 126.50
*Indusind Bank dividend adjusted price.
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
