Business Standard

Buy Apollo Hospitals, Emami, says Vaishali Parekh of Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

Vaishali Parekh  |  Mumbai 

Nifty, Sensex, BSE, NSE, markets
Photo: Shutterstock

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
- BUY     

CMP: Rs 1,080.50          
TARGET: Rs 1,270       
STOP LOSS: Rs 990
 
The stock has corrected well from the peak levels of 1230 to 850 and has made a lower bottom formation in the daily chart and from thereon has recovered strongly to move past the 200 DMA level signifying strength. We anticipate still further up move to the extent of around 1200 levels and with the RSI showing positive bias, we recommend a in this stock for na upside of 1220 keeping a of 990
 
- BUY      
CMP: Rs 1,267.75          
TARGET: Rs 1,350          
STOP LOSS: Rs 1,220
 
The stock after correcting from the levels of 1358 has been consolidating for quite some time and now has given a positive candle pattern in the daily chart with good volume participation and we anticipate the stock to rise further strongly to the levels of 1350 and above. The RSI indicator has given a decisive positive  trend reversal to indicate strength and we recommend a in this stock for an upside of 1350 keeping a of 1220
 
– BUY
CMP: Rs 1,105.20         
TARGET: Rs 1,180       
STOP LOSS: Rs 1,060
 
The stock has been consolidating near the 1070 levels and has made a positive bullish candle pattern in the daily chart with decent volume activity and the RSI indicator also has given a trend reversal to indicate positive bias. The trendline plotted connecting the recent bottoms show that the stock is in a rising trend and signifies strength. We recommend a in this stock for an upside of 1180 keeping a of 1060.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

RECOMMENDED FOR YOU