|Buy Range||95 – 99|
|Target||112 – 115|
|Duration||15 – 20 Trading Sessions|
|Potential Return^||11 – 14%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|100.7||BUY||95 – 101||112 – 115||92||20 – 25 Trading Sessions||11 – 14%|
# CMP on Aug 07, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 106.
^ The returns are calculated based on CMP#
Headquartered in Chennai, Take Solutions limited provides solutions in Life Science and Supply chain management. It develops technology, consulting and functional services across clinical and safety of biopharmaceutical companies and generic manufacturers. The company also offers material tracking, business sources outsourcing, engineering design, for the automotive, oil and gas sectors. The company has operational network across Europe, America and Asia.
|Sectoral Index||Nifty IT|
TECHNICAL OBSERVATIONS (WEEKLY)
- The lows of 94 also correspond to previous intermediate lows which were tested previously, thereby making it strong support.
- Based on the historical price data, we have seen after resetting the support near Rs. 94, the share price made a sharp U-Turn over the past couple of months.
- We are expecting a similar upside movement is going to happen soon.
TECHNICAL OBSERVATIONS (DAILY)
- On the daily chart, the trendline breakout signalling further northward journey in coming sessions.
- The Bullish Engulfing candlestick indicates bearish trend may be reversing and it may be a good time to enter into a long position.
- There is a positive divergence of RSI(14) on the daily chart, and RSI(14) has corrected from oversold (30) region which shows bullishness.