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Market tracker: Three stocks to buy in today's trade

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

Vaishali Parekh  |  Mumbai 

stocks, equity, mutual, MF, mutual funds
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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
- BUY       

CMP: Rs 958.80     
TARGET: Rs 1,020     
STOP LOSS: Rs 935
 
The stock after a decent rally has given a small correction and has now made a higher bottom formation pattern and is on the way to make a good recovery. The RSI indicator has made a positive trend reversal also signaling a buy and with good volume participation, we recommend a buy in this stock for an upside of 1020 keeping a of 935.
 
- BUY     
CMP: Rs 76.70      
TARGET: Rs 87     
STOP LOSS: Rs 73.50 
 
The stock has made a double bottom formation in the daily chart and is now regaining for an up move to retrace to its previous high levels. The RSI indicator also has hit the oversold zone and has made a positive trend reversal to signal a buy and with volume activity on the rise, we recommend this stock for a buy for an upside of 87 keeping a of 73.50
 
- BUY     
CMP:  Rs 1,045.80      
TARGET: Rs 1,100       
STOP LOSS: Rs 990
 
The stock is gradually making a higher bottom formation pattern and is now sustaining above the 200 DMA level. With the RSI indicator in rising mode the stock is poised for an up move to scale new higher targets. It has been also maintaining above the cluster of significant moving averages and thus we recommend a buy in this stock for an upside of 1100 keeping a of 990.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Wed, July 05 2017. 08:04 IST
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