April 05, 2017
Pidilite Ind (NSE Cash)
BUY
` 694
` 714- 718
` 760
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 10.10 IST)
Justification:
Since last three months, the stock has been consolidating in a range. During the consolidation phase, the ’89 DEMA’ has
acted as a good support for the stock. In today’s trading session, the prices have given breakout from the consolidation
phase. The ‘RSI’ oscillator on the daily chart has also given breakout from the consolidation which can be seen in the
above exhibit. The price and RSI breakout support by good volumes in last three trading sessions is indicating higher
probability of a short term uptrend in the stock. Considering the above technical evidences, we advise traders to buy
this stock at current levels to a decline up to `714 for a target of `760 over the next 14 to 21 sessions. The stop loss
should be fixed at `694.
Ruchit Jain
022-3935 7600 Extn: 6554
1
April 05, 2017
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Buying/Selling
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63
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153
158
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Union Bank
BUY
150 - 151
155
163
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10-03-17
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BUY
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283
298
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06-03-17
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2784
3030
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773
808
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688
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20-02-17
PNB
BUY
140 - 141
150
155
-
132.75
Active
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Siemens
BUY
1190 - 1200
1308
1290
-
1148
Target Achieved
09-02-17
PTC Ind
BUY
88 - 89
93.50
106
-
80
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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