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Technical calls from Prabhudas Lilladher: Buy Oberoi Realty, HCL Infosystem

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

Vaishali Parekh  |  Mumbai 

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

CMP: Rs 98.90      
TARGET: Rs 115      
STOP LOSS: Rs 90
 
The stock has been moving in a range bound zone between 92 and 75 levels and now it has given a breakout closing above the peak of 92 level. The stock has gathered tremendous momentum with high volume participation and also with the RSI on the rise and MACD signaling a positive trend reversal, we recommend a in this stock for an upside of 115 keeping a of 90.
 
- BUY      
CMP: Rs 48.10       
TARGET: Rs 55    
STOP LOSS: Rs 44.50
 
The stock has given a decent correction from the high level of 61 to bottom out at 44 and is on a recovery path with good volume participation. The stock has made a hockey stick like pattern in the daily chart and with RSI on the rise and MACD also in the positive mode, we recommend a in the stock for an upside of 55 keeping a of 44.50.
 
- BUY      
CMP: Rs 382.35      
TARGET: Rs 418    
STOP LOSS: Rs 360                     
 
The stock has corrected recently from 416 levels to take support at the 200 DMA level which was at around 335 levels and from thereon has given a pullback rally to recover significantly. We anticipate the stock to rise still further and scale the previous peak level of around 418 and with rising RSI and MACD indicating a positive trend reversal, we recommend a in this stock for an upside of 418 keeping a of 360.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
 

First Published: Mon, July 10 2017. 08:10 IST
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