Buy Core Education between Rs 12.25 to Rs 11.50. Stoploss at Rs 11.15 :: HDFC Securities

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Observation
 The stock is showing positive bias for the short term.
 Price has completed major falling leg at 8.40 levels on Dec 12,
2014; from there price has started to move up.
 Few days back falling channel breakout has been witnessed
and the throwback fall has halted around 21 Day EMA, the
piercing line candle formation on daily chart validates the
same. Price is trading above all short and medium term key
moving averages; the progressing rise from the low of 8.40 is
a retracement leg or a fresh bullish leg. The 38.2% & 50%
retracement levels of last falling leg (from 28.35 to 8.40) are
placed around 15.50 – 18 levels respectively.
 Traders could buy the stock between CMP to 11.50 with the
stoploss of 11.15 on closing basis for the targets of 15.50 - 18.


LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3010811