" TORNTPHARM
(callgiven in post of 31 may 2018)"
BUY
GIVEN @ 1400 ACHIEVED FINAL TGT(1470)
BUY
PEL ABOVE 2440 TGT 2470/2500 SL 2400
FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN
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Market summary 01 JUN 2018 : MidCap and
SmallCap underperformed and were down 1.01% and 1.57%, respectively. Sixteen
out of 19 sectoral indices on BSE declined with power, utilities, realty and
basic materials losing over 1%. Auto, energy and telecom rose up to 0.67%.
TOP GAINERS: Bajaj Auto, Maruti, Bharti Airtel and Hero
MotoCorp
Piramal
Enterprises Limited (PEL) is engaged in the business of pharmaceuticals,
including research and development, financial services and information
management through its subsidiaries.
After showing correction
from the higher level, now PEL is
trading in short term recovery phase, it is likely to continue the upside move
in near term with the crossing of the
resistance level of 2450 as the stock is
managing to sustain above the level of 2400. It is likely to continue the
positive movement with the breakout of the resistance levels of 2455. 22 EMA seen
as a resistance level @ 2440 and 55 and
200 days moving averages @ 2500 with the RSI of 50. After breakout, of
these levels One may get the targets of 2550,2600,2700 for long term in the
stock with the stop loss of 2350.
DAILY CHART FOR PEL
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