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Top technical calls from Prabhudas Lilladher for today's trade

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

Vaishali Parekh  |  Mumbai 

Top stocks sold and bought by fund managers in August
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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
- BUY    

CMP: Rs 464     
TARGET: Rs 490     
STOP LOSS: Rs 445
 
The stock has recently made a higher  bottom formation in the daily chart and has recovered subsequently and with consolidation phase going on, the stock has the potential to rise from here on to still upwards levels. The RSI indicator is on the rise while also is the MACD signifying strength and with good volume activity witnessed, we recommend a buy in this stock for an upside of 490 keeping a of 445.
 
- BUY    
CMP: Rs 388.45   
TARGET: Rs 425  
STOP LOSS: Rs 365
 
The stock has been on a great run since a very long time and we maintain the bullish trend and anticipate the stock to move still further upward. The RSI indicators has been favourable and is on the rise and with decent volume participation, we recommend a buy in this stock for an upside of 425 keeping a of 365
 
CHAMBAL FERTIZERS - BUY     
CMP: Rs 134.85    
TARGET: Rs 160      
STOP LOSS: Rs 120
 
The stock has been consolidating around the 130 levels for quite some time and there has been a gradual slide at regular intervals. The candle pattern now created has indicated a bullish bias and with the RSI indicator reversing the trend on the positive side, we anticipate further upward rise in the coming days. We recommend a buy in this stock for an upside of 160 keeping a of 120.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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