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Top technical calls from Prabhudas Lilladher: Buy NIIT, Chambal Fertilisers

Few Trading Ideas By Vaishali Parekh, Research Analyst - Technical Research At Prabhudas Lilladher

Vaishali Parekh  |  Mumbai 

Image via Shutterstock
Image via Shutterstock

Here are three stock recommendations from Prabhudas Lilladher:
 
- BUY   

CMP: Rs 110.05      
TARGET: Rs 126       
STOP LOSS: Rs 103
 
The stock has made a higher bottom formation and thereafter, gradually has been moving positively and on the verge of giving a breakout above the previous peak of 116 levels. With the RSI indicator on the rise and decent volume participation, we anticipate the stock to reach the level of 126. We recommend a buy in this stock keeping a of 103 and of 126.
 
- BUY   
CMP: Rs 87.30         
TARGET: Rs 95      
STOP LOSS: Rs 85
 
The stock has been consolidating for a while at around 86 -87 levels and with the RSI giving a steep rise, we anticipate some upward momentum in the coming days. With decent volume participation, we recommend a buy in this stock for an upside of 95 keeping a of 85.
  
CHAMBAL FERTILIZERS - BUY   
CMP: Rs 128.25        
TARGET: Rs 140      
STOP LOSS: Rs 120
 
The stock has given a breakout to move above the consolidation phase of around 126 levels and with the RSI indicator reversing its trend to signal a buy, we anticipate the stock to move further to around 140 level. Along with good volume activity, we recommend a buy in this stock for an upside of 140 keeping a of 120.
 
The author is Research Analyst - Technical Research at Prabhudas Lilladher
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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