February 27, 2017
Wockhardt (NSE Cash)
BUY
` 688
` 725 - 732
` 808
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 13:10 IST)
Justification:
We have seen a tremendous underperformance from this stock which was certainly a trader’s delight in the calendar year
of 2012. The stock prices took a nosedive in the early part of 2016 and since February 2016, it has done nothing in terms
of price movement. Now after a long consolidation, we are seeing some base building formation in the stock. The stock
is on the verge of confirming a breakout from the multiple resistance zone at 724. The weekly and monthly chart looks
encouraging and hence, we expect the stock to give a decent rally in the near term. Thus, we advise traders to buy this
stock at current levels to a decline up to `725 for a target of `808 over the next 14 to 21 sessions. The stop loss
should be fixed at `688.
Sameet Chavan
022-3935 7600 Extn: 6552
1
February 27, 2017
Last 11 recommendations
Buying/Selling
Date
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CMP Target 1 Target 2 Stop-loss
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23-02-17
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Booked Profit at 158
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224
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203
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140
155
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Siemens
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1190 - 1200
1203
1290
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Motherson Sumi
BUY
346 - 349
348
376
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333
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09-02-17
PTC Ind
BUY
88 - 89
89
106
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80
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02-02-17
Berger Paints
BUY
219-221
232
242
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209
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02-02-17
Axis Bank
BUY
482-486
512
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381 - 384
415
415
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366
Target Achieved
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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