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Technical Calls: Buy Amara Raja Batteries and Cox & Kings - IndiaNotes.com
Technical Calls: Buy Amara Raja Batteries and Cox & Kings
SMC | Published: 18 May, 2017  | Source : IndiaNotes.com

AMARA RAJA BATTERIES LIMITED



The stock closed at `926.25 on 12th May 2017. It made a 52-week low at 820 on 24th June 2016 and a 52-week high of 1079.70 on 06th September 2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 898.85.


It has formed Inverted head and shoulder pattern on daily charts. Therefore, one can buy in the range of 910-920 levels for the upside target of 975-985 levels with SL below 880.


COX & KINGS LIMITED



The stock closed at 225.45 on 12thMay 2017. It made a 52-week low at 146.60 on 26th May 2016 and a 52-week high of 241.80 on 19th September 2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 202.45.


It has formed higher high & higher lows formation on the chart, which is bullish in nature. Moreover , oscillators are also supporting its northward movement. Therefore, one can buy in the range of 217-220 levels for the upside target of 230-233 levels with SL below 211.

 

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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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