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Market check: Top three stocks to buy in today's trade

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

Vaishali Parekh  |  Mumbai 

markets, shares, stocks, investor, BSE, Nifty, Sensex
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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
- BUY   

CMP: Rs 105.15          
TARGET: Rs 120        
STOP LOSS: Rs 96
 
The stock has given a breakout above the 97 level and is in a rising trend and we anticipate the stock to move still further up to 120 - 130 levels. The MACD indicator is on the rise and volume participation is tremendous in the past 4-5 days. We recommend to this stock for an upside of 120 keeping a of 96.
 
- BUY  
CMP: Rs 2,434.95          
TARGET: Rs 2,600        
STOP LOSS: Rs 2,350
 
The stock has given a decent correction from the levels of 2,708 to consolidate at around 2,340 levels and now has given a bullish candle in the daily chart. The RSI has given a good bounce from the oversold zone and also indicated a trend reversal to signal a With the MACD also showing positive bias, we recommend a in this stock for an upside of 2,600 keeping a of 2,350.
 
- BUY  
CMP: Rs 1,732.15          
TARGET:  Rs 1,850      
STOP LOSS: Rs 1,670
 
The stock has been consolidating for quite some time at around 1,680 levels and now has shown some momentum pick up in the daily chart. The RSI indicator has made a positive trend reversal some days back and is on the rise with good volume participation. We anticipate the stock to rise further and hence we recommend to the stock for an upside of 1,850 keeping a of 1,670.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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