August 08, 2017
VAKRANGEE LTD. (NSE Cash)
BUY
` 441
` 463 - 467
` 514
14 - 21 sessions
Daily Chart
Source: Falcon (Time: EOD as on August 07, 2017)
Justification:
On the daily chart, after struggling to sustain above 457 - 458 levels for last one month, prices have finally broken the
resistance zone with a bullish candle known as 'Separating Lines'. In addition, prices have marked fresh all time high and have
closed above the previous swing high completing a consolidation pattern known as 'CUP N HANDLE'. Stock prices have entered
the unchartered territory and with all the above observation a strong upside cannot be ruled out. Thus, we recommend buying
this stock at current levels and on corrections up to `463 for a target of `514 over the next 14 - 21 sessions. The stop loss
should be fixed at `441.
Sameet Chavan
022-3935 7600 Extn: 6552
1
August 08, 2017
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Source: Angel Research
Research Team Tel: 022 - 4000 3600
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