July 05, 2017
Tata Chemicals (NSE Cash)
` 619
` 634 - 639
` 675
14 -21 sessions
Daily Chart
Trend Line resistance
Source: Falcon (Time: 10:50 IST)
A massive rally in first four months of the calendar year was followed by some price-wise as well as time-wise correction in the
stock. Due to todays up move, the stock prices have managed to penetrate the ‘Downward Sloping Trend Line’ resistance of
630 with decent volumes. In addition, the ‘RSI-Smoothened’ on daily chart has started moving northwards after taking a
resistance at the 30 mark. All these evidences suggest possibility of a good near term rally in the stock. Hence, traders are
advised to buy this stock at current levels and on declines at `634 for a target of `675 over the next 14 - 21 sessions.
The stop loss should be fixed at `619.
Sameet Chavan
022-3935 7600 Extn: 6552
[email protected]
July 05, 2017
Last 4 recommendations
CMP Target 1 Target 2 Stop-loss
Just Dial
376 - 380
2355 - 2366
Wockhardt Ltd.
579 - 584
Booked Profit at 614
93.50 - 94.50
Exited at cost
Source: Angel Research
Research Team Tel: 022 - 4000 3600
Website: www.angelbroking.com
Email: [email protected]
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.