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Buy TCS, Beger Paints, Cadila Healthcare, says Prabhudas Lilladher

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

Vaishali Parekh  |  Mumbai 

markets, stocks, sensex, nifty, bse, nse

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher: NIFTY VIEW: The day began with a negative sense with Nifty making a low of 10,075 and immediately bounced back to confirm a double bottom formation at 10,080 levels and bounced back to 10,400 levels. The support for the day is seen at 10,330 while resistance is seen at 10,430. BUY TCS CMP: Rs 2580.50 STOPLOSS: Rs 2400 TARGET: Rs 2800 The stock has corrected from Rs 2777.40 levels in the recent past days and has maintained near its 200-DMA which is around Rs 2494. The positive candle pattern has indicated a Buy and we anticipate the stock to move up further till Rs 2800 levels.

We recommend a buy in this stock keeping a stop loss of Rs 2400 and a target of Rs 2800. BUY CADILA HEALTHCARE CMP: Rs 417.15 STOPLOSS: Rs 400 TARGET: Rs 450 The stock has made a bottom at around Rs 400 and has made a good recovery. With RSI on the rise, the stock looks promising for un upside target of around Rs 450. We recommend a buy in this stock keeping a stop loss of Rs 400. BUY BERGER PAINTS CMP: Rs 252.55 STOPLOSS: Rs 240 TARGET: Rs 265 The stock has been consolidating for a while hovering around the range of Rs 245-255 levels and has maintained a good support at around Rs 240. The stock has been in a trending upward move in the daily chart and while the RSI indicator has reversed its trend signaling a positive outlook, we recommend a buy in this stock for an upside target of Rs 265 keeping a stop loss of Rs 240. Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Tue, December 19 2017. 08:20 IST
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