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Top trading ideas for today: Buy Bombay Dyeing, NIIT, IL&FS Transport

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

Vaishali Parekh  |  Mumbai 

Image via Shutterstock
Image via Shutterstock

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

CMP: Rs 85.20         
TARGET: Rs 94           
STOP LOSS: Rs 78
 
The stock has been in consolidation for a short duration in the daily  chart and now has picked up steam to give a closing breakout above 84.10. The RSI has given a trend reversal signaling a buy whereas the MACD is also on the rise with good volume participation. We recommend a buy in this stock for an upside of 94 keeping a of 78.
 
- BUY   
CMP: Rs 92.80         
TARGET: Rs 105            
STOP LOSS: Rs 84
 
The stock has been in a sideways movement for some time hovering between the range of 84 and 89 and now has given a positive bullish candle. There is a gradual and steady upward move in the stock and from hereon we anticipate it move further till 105 levels. With RSI on the rise and MACD also indicating a trend reversal signaling a buy, we recommend a buy in this stock for an upside of 105 keeping a of 84.
 
- BUY     
CMP: Rs 103.55         
TARGET: Rs 118          
STOP LOSS: Rs 95
 
The stock has witnessed a decent healthy correction from the peak level of 120 to 96 levels and has gathered potential for a strong upward move. The strong bullish candle indicates strength and with tremendous volume participation and positive RSI and MACD indicators, we recommend a buy in this stock for an upside of 118 keeping a of 95.  
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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