SlideShare a Scribd company logo
Buy PARAGMILK in Cash @ 317.95 SL 306 TGT 332
18th Oct , 2016
SEBI Registered – Research Analyst WWW.CHOICEBROKING.IN *Please Refer Disclaimer On Website
 After IPO listing stock has moved in upside
direction with decent gain.
 In intermediate correction stock has formed
base at long term moving average.
 After tight consolidation at lower band stock
has given upside breakout which indicate
bulls are resuming their move again.
 Momentum oscillator RSI has moved above
its average line which shows momentum is
gaining in the stock.
 Based on aforementioned rational further
movement can be expected upto 332 level in
few trading session.
www.choicebroking.incustomercare@choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any
financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will
not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this
recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any
inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume
levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might
be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice
Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation
or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of
publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The
recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary
substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use,
distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to
purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no
assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.10.18 15:03:48 +05'30'

More Related Content

What's hot

Traders choice get&d
Traders choice   get&dTraders choice   get&d
Traders choice get&d
Choice Equity
 
Traders choice indiacem (2)
Traders choice   indiacem (2)Traders choice   indiacem (2)
Traders choice indiacem (2)
Choice Equity
 
Traders choice axisbank
Traders choice   axisbankTraders choice   axisbank
Traders choice axisbank
Choice Equity
 
Traders choice thermax
Traders choice   thermaxTraders choice   thermax
Traders choice thermax
Choice Equity
 
Traders choice bharatgear
Traders choice   bharatgearTraders choice   bharatgear
Traders choice bharatgear
Choice Equity
 
Traders choice trigyn
Traders choice   trigynTraders choice   trigyn
Traders choice trigyn
Choice Equity
 
Traders choice balkrishna
Traders choice   balkrishnaTraders choice   balkrishna
Traders choice balkrishna
choice broking
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryply
Choice Equity
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryply
Choice Equity
 
Traders choice ksl
Traders choice   kslTraders choice   ksl
Traders choice ksl
Choice Equity
 
Traders choice dlf (2)
Traders choice   dlf (2)Traders choice   dlf (2)
Traders choice dlf (2)
Choice Equity
 
Traders choice indusindbk
Traders choice   indusindbkTraders choice   indusindbk
Traders choice indusindbk
Choice Equity
 
Traders choice ioc
Traders choice   iocTraders choice   ioc
Traders choice ioc
Choice Equity
 
Traders choice tubeinvest
Traders choice   tubeinvestTraders choice   tubeinvest
Traders choice tubeinvest
Choice Equity
 
Traders choice powergrid
Traders choice   powergridTraders choice   powergrid
Traders choice powergrid
Choice Equity
 
Traders choice ipcalab
Traders choice   ipcalabTraders choice   ipcalab
Traders choice ipcalab
Choice Equity
 
Traders choice jktyre
Traders choice   jktyreTraders choice   jktyre
Traders choice jktyre
Choice Equity
 
Traders choice cholafin
Traders choice   cholafinTraders choice   cholafin
Traders choice cholafin
Choice Equity
 
Traders choice tatamotors
Traders choice   tatamotorsTraders choice   tatamotors
Traders choice tatamotors
Choice Equity
 
Traders choice kei
Traders choice   keiTraders choice   kei
Traders choice kei
Choice Equity
 

What's hot (20)

Traders choice get&d
Traders choice   get&dTraders choice   get&d
Traders choice get&d
 
Traders choice indiacem (2)
Traders choice   indiacem (2)Traders choice   indiacem (2)
Traders choice indiacem (2)
 
Traders choice axisbank
Traders choice   axisbankTraders choice   axisbank
Traders choice axisbank
 
Traders choice thermax
Traders choice   thermaxTraders choice   thermax
Traders choice thermax
 
Traders choice bharatgear
Traders choice   bharatgearTraders choice   bharatgear
Traders choice bharatgear
 
Traders choice trigyn
Traders choice   trigynTraders choice   trigyn
Traders choice trigyn
 
Traders choice balkrishna
Traders choice   balkrishnaTraders choice   balkrishna
Traders choice balkrishna
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryply
 
Traders choice centuryply
Traders choice   centuryplyTraders choice   centuryply
Traders choice centuryply
 
Traders choice ksl
Traders choice   kslTraders choice   ksl
Traders choice ksl
 
Traders choice dlf (2)
Traders choice   dlf (2)Traders choice   dlf (2)
Traders choice dlf (2)
 
Traders choice indusindbk
Traders choice   indusindbkTraders choice   indusindbk
Traders choice indusindbk
 
Traders choice ioc
Traders choice   iocTraders choice   ioc
Traders choice ioc
 
Traders choice tubeinvest
Traders choice   tubeinvestTraders choice   tubeinvest
Traders choice tubeinvest
 
Traders choice powergrid
Traders choice   powergridTraders choice   powergrid
Traders choice powergrid
 
Traders choice ipcalab
Traders choice   ipcalabTraders choice   ipcalab
Traders choice ipcalab
 
Traders choice jktyre
Traders choice   jktyreTraders choice   jktyre
Traders choice jktyre
 
Traders choice cholafin
Traders choice   cholafinTraders choice   cholafin
Traders choice cholafin
 
Traders choice tatamotors
Traders choice   tatamotorsTraders choice   tatamotors
Traders choice tatamotors
 
Traders choice kei
Traders choice   keiTraders choice   kei
Traders choice kei
 

Viewers also liked

Techno buy bhel
Techno buy bhelTechno buy bhel
Techno buy bhel
Choice Equity
 
Master certificate English version
Master certificate English versionMaster certificate English version
Master certificate English versionkaizhu liang
 
!Mastersi_DIALOG-Non_Stopi_2008
!Mastersi_DIALOG-Non_Stopi_2008!Mastersi_DIALOG-Non_Stopi_2008
!Mastersi_DIALOG-Non_Stopi_2008Anna Kwolek
 
Tweed nbn presentation
Tweed nbn presentationTweed nbn presentation
Tweed nbn presentation
Workforce BluePrint
 
Managing your After School Program
Managing your After School ProgramManaging your After School Program
Managing your After School Program
Texas ACE
 
List_referencyjny_PJWSTK_Vedycja
List_referencyjny_PJWSTK_VedycjaList_referencyjny_PJWSTK_Vedycja
List_referencyjny_PJWSTK_VedycjaAnna Kwolek
 
White Card Cert
White Card CertWhite Card Cert
White Card CertTom Edgson
 

Viewers also liked (12)

Techno buy bhel
Techno buy bhelTechno buy bhel
Techno buy bhel
 
Abilash Mandal Resume
Abilash Mandal ResumeAbilash Mandal Resume
Abilash Mandal Resume
 
Ellen-Talbot-V1
Ellen-Talbot-V1Ellen-Talbot-V1
Ellen-Talbot-V1
 
CHRIS NELL CV
CHRIS NELL CVCHRIS NELL CV
CHRIS NELL CV
 
Master certificate English version
Master certificate English versionMaster certificate English version
Master certificate English version
 
!Mastersi_DIALOG-Non_Stopi_2008
!Mastersi_DIALOG-Non_Stopi_2008!Mastersi_DIALOG-Non_Stopi_2008
!Mastersi_DIALOG-Non_Stopi_2008
 
Tweed nbn presentation
Tweed nbn presentationTweed nbn presentation
Tweed nbn presentation
 
My Latest Resume
My Latest ResumeMy Latest Resume
My Latest Resume
 
Managing your After School Program
Managing your After School ProgramManaging your After School Program
Managing your After School Program
 
List_referencyjny_PJWSTK_Vedycja
List_referencyjny_PJWSTK_VedycjaList_referencyjny_PJWSTK_Vedycja
List_referencyjny_PJWSTK_Vedycja
 
White Card Cert
White Card CertWhite Card Cert
White Card Cert
 
CV
CVCV
CV
 

Similar to Traders choice paragmilk

Traders choice balamines
Traders choice   balaminesTraders choice   balamines
Traders choice balamines
Choice Equity
 
Traders choice gppl
Traders choice   gpplTraders choice   gppl
Traders choice gppl
Choice Equity
 
Traders choice : M&MFIN
Traders choice :  M&MFINTraders choice :  M&MFIN
Traders choice : M&MFIN
Choice Equity
 
Traders choice brfl
Traders choice   brflTraders choice   brfl
Traders choice brfl
Choice Equity
 
Traders choice maxindia
Traders choice   maxindiaTraders choice   maxindia
Traders choice maxindia
Choice Equity
 
Traders choice harrmalaya
Traders choice   harrmalayaTraders choice   harrmalaya
Traders choice harrmalaya
Choice Equity
 
Traders choice tvselect
Traders choice   tvselectTraders choice   tvselect
Traders choice tvselect
Choice Equity
 
Traders choice uttamsugar
Traders choice   uttamsugarTraders choice   uttamsugar
Traders choice uttamsugar
Choice Equity
 
Traders choice eveready
Traders choice   evereadyTraders choice   eveready
Traders choice eveready
Choice Equity
 
Traders choice itc
Traders choice   itcTraders choice   itc
Traders choice itc
Choice Equity
 
Traders choice uflex
Traders choice   uflexTraders choice   uflex
Traders choice uflex
Choice Equity
 
Traders choice kajariacer
Traders choice   kajariacerTraders choice   kajariacer
Traders choice kajariacer
Choice Equity
 
Traders choice dishman
Traders choice   dishmanTraders choice   dishman
Traders choice dishman
Choice Equity
 
Traders choice himatseide (2)
Traders choice   himatseide (2)Traders choice   himatseide (2)
Traders choice himatseide (2)
Choice Equity
 
Traders choice petronet (2)
Traders choice   petronet (2)Traders choice   petronet (2)
Traders choice petronet (2)
Choice Equity
 
Traders choice enginersin
Traders choice   enginersinTraders choice   enginersin
Traders choice enginersin
Choice Equity
 
Traders choice hindpetro
Traders choice   hindpetroTraders choice   hindpetro
Traders choice hindpetro
Choice Equity
 
Traders choice mhril
Traders choice   mhrilTraders choice   mhril
Traders choice mhril
choice broking
 
Traders choice karurvyasya
Traders choice   karurvyasyaTraders choice   karurvyasya
Traders choice karurvyasya
choice broking
 

Similar to Traders choice paragmilk (19)

Traders choice balamines
Traders choice   balaminesTraders choice   balamines
Traders choice balamines
 
Traders choice gppl
Traders choice   gpplTraders choice   gppl
Traders choice gppl
 
Traders choice : M&MFIN
Traders choice :  M&MFINTraders choice :  M&MFIN
Traders choice : M&MFIN
 
Traders choice brfl
Traders choice   brflTraders choice   brfl
Traders choice brfl
 
Traders choice maxindia
Traders choice   maxindiaTraders choice   maxindia
Traders choice maxindia
 
Traders choice harrmalaya
Traders choice   harrmalayaTraders choice   harrmalaya
Traders choice harrmalaya
 
Traders choice tvselect
Traders choice   tvselectTraders choice   tvselect
Traders choice tvselect
 
Traders choice uttamsugar
Traders choice   uttamsugarTraders choice   uttamsugar
Traders choice uttamsugar
 
Traders choice eveready
Traders choice   evereadyTraders choice   eveready
Traders choice eveready
 
Traders choice itc
Traders choice   itcTraders choice   itc
Traders choice itc
 
Traders choice uflex
Traders choice   uflexTraders choice   uflex
Traders choice uflex
 
Traders choice kajariacer
Traders choice   kajariacerTraders choice   kajariacer
Traders choice kajariacer
 
Traders choice dishman
Traders choice   dishmanTraders choice   dishman
Traders choice dishman
 
Traders choice himatseide (2)
Traders choice   himatseide (2)Traders choice   himatseide (2)
Traders choice himatseide (2)
 
Traders choice petronet (2)
Traders choice   petronet (2)Traders choice   petronet (2)
Traders choice petronet (2)
 
Traders choice enginersin
Traders choice   enginersinTraders choice   enginersin
Traders choice enginersin
 
Traders choice hindpetro
Traders choice   hindpetroTraders choice   hindpetro
Traders choice hindpetro
 
Traders choice mhril
Traders choice   mhrilTraders choice   mhril
Traders choice mhril
 
Traders choice karurvyasya
Traders choice   karurvyasyaTraders choice   karurvyasya
Traders choice karurvyasya
 

Recently uploaded

how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
DOT TECH
 
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
beulahfernandes8
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
VishnuVenugopal84
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
GunjanSharma28848
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
DOT TECH
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
DOT TECH
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
ydubwyt
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
Writo-Finance
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
Avanish Goel
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
Falcon Invoice Discounting
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
DOT TECH
 
655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf
morearsh02
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
DOT TECH
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
Buy bitget
 
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
beulahfernandes8
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
DOT TECH
 
BYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptxBYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptx
mikemetalprod
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
FinTech Belgium
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Quotidiano Piemontese
 

Recently uploaded (20)

how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
 
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
 
655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
 
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
 
BYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptxBYD SWOT Analysis and In-Depth Insights 2024.pptx
BYD SWOT Analysis and In-Depth Insights 2024.pptx
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
 

Traders choice paragmilk

  • 1. Buy PARAGMILK in Cash @ 317.95 SL 306 TGT 332 18th Oct , 2016 SEBI Registered – Research Analyst WWW.CHOICEBROKING.IN *Please Refer Disclaimer On Website  After IPO listing stock has moved in upside direction with decent gain.  In intermediate correction stock has formed base at long term moving average.  After tight consolidation at lower band stock has given upside breakout which indicate bulls are resuming their move again.  Momentum oscillator RSI has moved above its average line which shows momentum is gaining in the stock.  Based on aforementioned rational further movement can be expected upto 332 level in few trading session.
  • 2. www.choicebroking.incustomercare@choiceindia.com Research Team Mr. Sumeet Bagadia Associate Director Kunal Parmar Research Associate Amit Pathania Research Associate Vikas Chaudhari Research Associate Kapil Shah Research Associate Rajnath Yadav Research Associate Satish Kumar Research Associate Disclaimer This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No. Kapil Shah Digitally signed by Kapil Shah DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd, ou=Research Team, email=kapil.shah@choiceindia.com, c=US Date: 2016.10.18 15:03:48 +05'30'