March 01, 2017
Sintex (NSE Cash)
BUY
` 92
` 98- 99
` 109
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 09:50 IST)
Justification:
Since last couple of months, the stock has been forming ‘Higher Top Higher Bottom’ structure. The volumes during the
upmove are higher, thus supporting the uptrend. The ‘RSI’ oscillator on weekly, daily as well as hourly charts is above 60,
which indicates a positive momentum as well. Also, the trend following indicators such as ‘SuperTrend’ and the ‘Parabolic
SAR’ are supporting the uptrend in the stock. Considering the above technical evidences, we are expecting the stock to
continue its uptrend with positive momentum in near term. Thus, we advise traders to buy this stock at current levels
to a decline up to `98 for a target of `109 over the next 14 to 21 sessions. The stop loss should be fixed at `92.
Ruchit Jain
022-3935 7600 Extn: 6554
1
March 01, 2017
Last 12 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
28-02-17
OBC
BUY
125-126.50
128
137
-
120
Active
28-02-17
KSCL
BUY
474 - 478
507
529
-
451
Active
27-02-17
Dhanlaxmi Bank
BUY
26.80 - 27.20
32
32
-
24.50
Target Achieved
27-02-17
Wockhardt
BUY
725 - 732
759
808
-
688
Active
23-02-17
HUL
BUY
861 - 867
868
920
-
836
Active
21-02-17
Dish TV
BUY
91.50 - 92.50
97
103
-
86
Active
20-02-17
Hexaware
BUY
213-215
225
238
-
203
Active
20-02-17
PNB
BUY
140 - 141
144
155
-
132.75
Active
13-02-17
Siemens
BUY
1190 - 1200
1221
1290
-
1148
Active
09-02-17
Motherson Sumi
BUY
346 - 349
355
376
-
333
Active
09-02-17
PTC Ind
BUY
88 - 89
89
106
-
80
Active
02-02-17
Axis Bank
BUY
482-486
520
532
-
459
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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
