Technical Stock Picks

September 06, 2016
Technical Stock Picks

RETAIL RESEARCH
Technical Stock Picks
Stock
CMP
Buy Band
JM Financial
66.90
62 - 68
Sequential
Targets
76 - 85
SIMPLEX Infra
JM Financial: Weekly chart
327.45
300 325
365 - 500
Stop Loss
Time Frame
55
90 Days
280
90 Days
100% extension
level
Daily
Chart:
Downward sloping trend
MACD is on verge of
crossing zero line
RETAIL RESEARCH
Observation
On weekly chart, the stock is currently taking support on 100% extension, which is also top of bull candle.
On daily chart the stock is currently facing resistance at downward sloping trend line. If in coming sessions if stocks trades and closed
above Rs. 68 level then traders could start accumulate shares for higher targets.
All the momentum indicators are showing positive indications for the stock.
RSI is on a verge of crossing its line from downside which is bullish indication. Once RSI crosses above 60 level then traders could
see bigger moves in the stock
MACD is also on verge of crossing zero line, which suggests institutions could start participating in the stock.
In coming sessions if stock sustains above Rs. 68 level then traders could start accumulating this stock between Rs.62 to Rs.68 for a
targets of Rs.76 & Rs.85. Traders could keep the stop loss at Rs.55 level on weekly closing basis.
RETAIL RESEARCH
SIMPLEX Infra:
Stock
SIMPLEX Infra
Daily Chart:
CMP
Buy Band
327.45
300 325
Sequential
Targets
365 - 500
Stop Loss
Time Frame
280
90 Days
Stock is moving above the

downward sloping trend line
Observation
On Daily chart, the stock is currently trading above downward sloping trend line with higher volumes suggesting upward breakout for the
stock.
On Weekly chart the stock is showing reverse head and shoulder, which is a bullish indication.
If stock sustains above Rs. 325 level in the coming week then traders could start accumulating shares for higher targets.
All the momentum indicators are showing positive indications for the stock.
RSI is trading above 60 level.
MACD has crossed zero with its average crossing from below, which is a bullish indication.
In coming week session, if stock sustains above Rs.325 level then traders could start accumulating this stock between Rs.300 to Rs.325
for a targets of Rs.365 (earlier high) & Rs.500 (earlier resistance level). Traders could keep the stop loss at Rs.280 level on weekly
closing basis.
RETAIL RESEARCH
Note: Once the market opens for trade, the analyst will review it and decide to give the call through an internal mail/SMS at the same or different levels of
entry, target and stop loss or not give the call at all or give a call in Futures/call/put. Clients could get in touch with the analyst through their designated
dealers to check about this.
Senior Technical & Derivative Research Analyst: Siddharth Deshpande ([email protected])

RETAIL RESEARCH Tel: (022) 3075 3400 Fax: (022) 2496 5066 Corporate Office
HDFC securities Limited, I Think Techno Campus, Building - B, "Alpha", Office Floor 8, Near Kanjurmarg Station, Opp. Crompton Greaves, Kanjurmarg (East),
Mumbai 400 042 Phone: (022) 3075 3400 Fax: (022) 2496 5066 Website: www.hdfcsec.com Email: [email protected]
HDFC Securities Ltd. is a SEBI Registered Research Analyst having registration no. INH000002475.
Disclosure:
We /I, (Siddharth Deshpande), (MBA Finance), authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect
our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or
view(s) in this report.
Research Analyst or his/her relative or HDFC Securities Ltd. does not have any financial interest in the subject company. Also Research Analyst or his relative or HDFC Securities Ltd. or
its Associate may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report. Further
Research Analyst or his relative or HDFC Securities Ltd. or its associate does not have any material conflict of interest.
Any holding in stock - No
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RETAIL RESEARCH

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September 06, 2016

Technical Stock Picks

Downward sloping trend

Stock is moving above the

RSI is trading above 60 level.

Senior Technical & Derivative Research Analyst: Siddharth Deshpande ([email protected])

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