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Market Check: Top trading ideas from Prabhudas Lilladher

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

Vaishali Parekh  |  Mumbai 

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

CMP: Rs 90.45    
TARGET:  Rs 100    
STOP LOSS: Rs 82
 
The stock has been in a range bound band for quite some time moving between 78 and 84.50 levels and now it has produced a tremendous spurt to give a breakout above the upper band of the range with very high volume. The RSI indicator has given a steep rise and the stock looks potentially strong for further upward move. We recommend a in this stock for an upside of 100 keeping a of 82.
 
BAJAJ FINANCE SERVICES - BUY  
CMP: Rs 4,364    
TARGET: Rs 4,750     
STOP LOSS: Rs 4,100
 
The stock has come out of the consolidation phase at around 4100 levels and has created a bullish candle pattern in the daily chart. With the RSI indicator bouncing back after a positive trend reversal is indicating further potential to scale new upside targets. We anticipate the stock to move towards its previous peak level of 4750. We recommend for an upside of 4750 keeping a of 4100.
  
- BUY   
CMP: Rs 297.40      
TARGET: Rs 320    
STOP LOSS: Rs 284
 
The stock has been consolidating for quite some time between the range of 285 and 296 and now it has given a spurt to signal a breakout with decent volume participation. The RSI indicator has given a positive trend reversal signaling a and we anticipate the stock to scale further new heights till 320 levels. We recommend a in this stock for an upside of 320 keeping a of 284.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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