Reliance Capital Limited IIFL Trading Ideas CMP: Rs 635 Range: Rs 630-640 6-9 Months Tgt: Rs 805 Stop Loss Rs 555 Sector: Finance Symmetrical Triangle Breakout Reliance Capital has been consolidating in a structured manner for the past 6- BUY years. The stock has been coiling like a spring as the trading range got Upside: 26.7% narrower in the past 12-months. The stock made an attempt to break out of the consolidation zone in September 2016 but failed to surpass the declining Stock Data resistance trendline. However, after going through another 6-month of Sensex: 30,067 oscillation, the stock has finally exploded out from the long drawn 52 Week h/l (Rs): 647.5/ 365.1 accumulation zone. Market cap (Rs Cr) : 16,092 BSE code: 500111 Trend reversal - shift to higher top higher bottom cycle NSE code: RELCAPITAL FV (Rs): 10 After making an attempt to break past the declining trend line in September Div yield (%): 1.59 2016, Reliance Capital corrected to lows of Rs 407, which was the major turning point for the stock as it reversed well above its previous low of Rs 303 Shareholding Pattern hit in February 2016. This was exactly the 61.8% retracement of the rally from Sep-16 Dec-16 Mar-17 Rs 303 – Rs 595, which marked the shift to a higher top higher bottom cycle. Promoters 52.15 52.13 52.31 DII+FII 29.70 29.24 29.83 Based on the above evidence, the projection of the consolidation structure Individuals 18.16 18.61 17.86 indicates a potential target of Rs 805, translating into ~26.7% upside. The Source: www.bseindia.com breakout would stand void if Reliance Capital ends below the support of Rs Share Price Trend 555 on weekly closing basis. Monthly Chart RELCAPITAL [N2882] 617.60, 647.55, 596.20, 638.50, 47088528 3.80% Price Log IRIS D 0 2800 2600 2400 2200 Symmetrical triangle 2000 1800 breakout 1600 1400 1200 2 1000 800 Prices as on 25/04/2017 600 400 3 200 Source : www.SpiderSoftwareIndia.Com Vol Cr 25.00 20.00 15.00 10.00 5.00 05:A J A O D 06:J A M J A O D 07:F M J A O D 08:F M J A S O D 09:F M J A O D 10:J A J J A O D 11:J A J J A O D 12:F M J A O D 13:F M J A S O D 14:F M J A S O D 15:J A J J A O D 16:J A J J A O D 17:F Mon Analyst- Hadrien Mendonca [email protected] April 26, 2017 Call Tracker IIFL Trading Ideas Technical Recommendation Reco. Stoploss Target CMP / P & Fundamental Holding Closed Date Stock Name Buy/Sel Status Price Price Price Exit Price L % / Technical Period date Sundram Technical / 6 2-Mar-17 Buy 337.5 297 399 399 18% Closed 31-Mar-17 Fasteners Derivatives Months 15-Mar- TVS Technical / 3 Buy 3065 2697 3590 3590 17% Closed 24-Mar-17 17 Srichakra Derivatives Months 23-Mar- Cadila Technical / 3 Buy 441 397 514 452.65 3% Open 17 Healthcare Derivatives Months Aarti Technical / 3 3-Apr-17 Buy 770 700 903 798.4 4% Open Industries Derivatives Months State Bank Technical / 6-9 11-Apr-17 Buy 290 252 355 286.05 -1% Open Of India Derivatives Months Technical / 6-9 11-Apr-17 OBC Buy 148.5 115 190 156.5 5% Open Derivatives Months GE Shipping Technical / 6 18-Apr-17 Buy 424.5 364 495 454.2 7% Open Company Derivatives Months Fundamental Recommendations Reco Target CMP / P & L Fundamental / Holding Date Stock Name Buy/Sel Price Price Exit Price % Technical Period Status Closed date Bajaj 24-Mar-17 Electricals Buy 315 378 378 20% Fundamental 1 year Closed 6-Apr-17 PNC 12-Apr-17 Infratech Buy 131 173 158.95 21% Fundamental 1 year Open Fiem 20-Apr-17 Industries Buy 1010 1298 1029.85 2% Fundamental 1 year Open Disclaimer Recommendation Parameters for Fundamental/Technical Reports: Buy – Absolute return of over +10% Accumulate – Absolute return between 0% to +10% Reduce – Absolute return between 0% to -10% Sell – Absolute return below -10% Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. 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