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Positional Technical Call: Buy Veto Switchgears & Cables at 142.40 and stop-loss 136

Nirmal Bang | 20 Jan, 2017  | Follow Author | Add to my Favourites 
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CMP : 142.40

Action : Buy

Targets : 150/154

Stop-loss: 136


Duration: Positional Call

Weekly chart suggest that after a fall from 175 to 125 levels, stock has formed the rounding pattern formation n forming a high week on weekly basis indicates positive view. Also the fact that RSI is showing positive crossover. Looking towards the technical set up stock may rally towards 150/154.


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200.70 -4.35
201.80 -3.65
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About Nirmal Bang

Founded in 1986 by Nirmal Bang, the Nirmal Bang is recognized as one of the largest retail broking houses in India, providing an array of financial products and services. Their retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS. The Group is headed by Mr. Dilip Bang and Mr. Kishore Bang.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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