Buy Gati between Rs 290 and Rs 297. Stoploss at Rs 275 :: HDFC Securities

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Observation:
Gati has broken out of the 264-287 trading range in which the stock was trading for the last two weeks.
Today’s breakout was accompanied with higher than average volumes, indicating that there was significant
accumulation.
Technical indicators are giving positive signals as the stock trades above the short term (13 day SMA) and medium
term (50-day SMA) moving averages. Momentum indicators like the 14-day RSI too are in rising mode and not yet
overbought. The 14-day RSI is also above its 9-day EMA, which is a healthy signal for the stock.
Given the positive technical set up on both the short term and medium term time frames, we believe the stock
has the potential to move higher in the coming days. Our entry levels along with the stop loss and targets are
given above.

LINK

http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3010816