Equity Technical Pick - RPPI 19 Sept 2016

Short Term Positional Call - RPP Infra Projects Ltd (RPPI)

Buy RPP Infra (CMP - 188.00) at lower levels

Engulfing Bearish Formation


Expected to correct and then continue its upward trend

Moving Average (5, 10) - Indicate Correction

Moving Average (20, 50, 100, 200) - Indicate Bullish long term trend

Financial Indicators -

• Increasing Operational Cash Inflows
• Increasing Turnover and EPS
• P/E 21/05 less than Industry P/E of 37.31 ---> indicating under valued position.

Target (Cash/Future) 200---206.

Long Term Stock

Stop Loss 178


Can target 500+ in an year

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