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Top trading ideas from Prabhudas Lilladher for today's trade

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

Vaishali Parekh  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

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

CMP: Rs 412.95     
TARGET: Rs 445      
STOP LOSS: Rs 390
 
The stock has been in consolidation for quite a long time at around the 395 level and now it has produced a bullish candle stick pattern to give a breakout above the consolidation range. The RSI indicator has also given a decisive trend reversal to signify a strong potential move in the upward direction. Along with decent volume participation, we recommend a buy in this stock for an upside of 445 keeping a of 390
  
- BUY     
CMP: Rs 242.55     
TARGET: Rs 270  
STOP LOSS: Rs 215
 
The stock has been moving sideways in a range bound zone for quite some time and has got the level of around 210 - 215 as a very strong support. It has produced a strong bullish candle now signifying strength along with the RSI indicator reversing strongly to indicate potential for an up move to reach new levels. We recommend a buy in this stock for an upside of 270 keeping a of 215
  
- BUY     
CMP: Rs 74.80        
TARGET: Rs 85    
STOP LOSS: Rs 65
 
The stock has witnessed a good correction from the peak of 103 to 62 levels and has bottomed out there to give a pullback recovery. The RSI has hit the oversold zone and has now indicated a trend reversal signaling a buy. The stock looks potentially buoyant to rise further to new targets and we recommend a buy in this stock for an upside of 85 keeping a of 65.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Thu, July 27 2017. 08:06 IST
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