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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
PRICOL - 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 buy in this stock
PRICOL - 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 buy in this stock
