VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds


Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Go
Feedback
You are here : IndiaNotes >> Research & Analysis >> Companies >> Ansal Properties & Infrastructure Ltd. >> Research

Weekly momentum stock pick: Buy Ansal Properties

HDFC Sec | 08 Dec, 2014  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 0.0 Based on 0 ratings)


Current Observation:


- The small cap Realty stocks have witnessed smart upmove recently and the Ansal Properties & Infra Ltd (ANSAL API) is one of the stocks that moved up smartly today.


- The attached weekly timeframe chart of the stock price is indicating a bottom reversal pattern around the multiple supports of around Rs.29.00 and 30.30 levels (up sloping trend line-brown and 100week EMA-pink curvy line).


- Post sharp upmove of later part of Oct, the stock price declined without showing any conviction and this week formed a variation type of bullish pattern of hammer around Rs.29.00 levels.


- After the formation of lower tops and bottoms the stock price is now forming a slight higher bottom around Rs.29 as per weekly chart, signaling the exhaustion of decline and the signal of the beginning of fresh upmove.


- With positive technical setup, one may look to buy ANSAL API for near to medium term trading perspective.

 

Stock Recommendation


CMP: 31.5

Action: Buy between CMP and 31

Stoploss: 29.50

Target: 35

Time Horizon: 1-2 weeks


  Read full report Click here to read the full report

logo
BSE
23.20 -0.40
(-1.69%)
NSE
23.30 +0.00
(0.00%)
Read More
About HDFC Sec

HDFC Securities a trusted financial service provider promoted by HDFC Bank and JP Morgan Partners and their associates, is a leading stock broking company in the country, serving a diverse customer base of institutional and retail investors. HDFCsec.com provides investors a robust platform to trade in Equities in NSE and BSE , and derivatives in NSE. Our website will support you with the highest standards of service, convenience and hassle-free trading tools.


For more information please write in to [email protected]


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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




Technical Calls

What are technical calls?

Other Articles