Accumulate : RPL CMP : 153.85 Target(One Year)245

[K.Karthik Raja]

Accumulate : RPL CMP : 153.85 Target(One Year)245


RPL is consolidating in a range of 140-180 levels in last few trading
sessions. The 14-day RSI is indicating the stock to be in
the 'oversold' territory thereby negating any significant sell-off in
near term.ADX is @ 26 saying the stock still has little pain. The 21-
day EMA is placed at around 165 levels where the stock is facing
strong resistance. A sustained close above 165 levels will help the
stock to test its 50-day EMA level placed at around 177 levels. The 8-
day
EMA level is placed at around 161 levels. Immediate support is placed
at around 138 levels. A slide below that level will force the stock to
test lower levels of 105. Investors are advised to accumulate the
stock in the range of 140-150 levels for an immediate short-term
target of 175 & 180.One year resistance is around 245 levels volume is
reduced as well,when compared to normal level shows limited down side.
All long positions in the stocks should be protected with a stop loss
placed below 130 levels on a closing basis.

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K.Karthik Raja