April 13, 2016
RCOM (NSE Cash)
BUY
` 49.50
` 53.20 - 52.50
` 60
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 13:55 IST)
Justification:
Post the sharp correction in the month of January and February, the stock has been consolidating range
bound and has formed a support base around `47. From his support, prices are showing a pullback move and
have given breakout from a triangle formed during the consolidation phase. The ‘RSI’ indicator is indicating
positive momentum and thus we are expecting an upmove in the stock in near term. Thus, we advise traders
to buy the stock at current levels and on declines to `52.50 for a target of `60. The stop loss for the
trade set-up can be kept at `49.50.
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April 13, 2016
Last 8 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2 Stop-loss
Status
13-04-16
Apollo Tyre
BUY
169.50 - 168
171
183
-
162.50
Active
12-04-16
Zee Ent
BUY
400 - 397
407
430
-
381.50
Active
11-04-16
Pidilite
BUY
607 - 602
617
650
-
582
Active
08-04-16
ACC
SELL
1430-1440
-
1345
-
1475
SL Triggered
08-04-16
Ajanta Pharma
BUY
1445 - 1430
1487
1565
-
1380
Active
06-04-16
GAIL
BUY
342 - 339
-
363
-
330
Booked Profit at 358
21-03-16
HUL
BUY
861 - 857
890
910
-
835
Revise SL to 879
18-03-16
HCL Tech
BUY
823 - 815
839
880
-
789
Revised SL to 823
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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