Buy Canara Bank, Tata Elxsi, says Prabhudas Lilladher

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

 

TATA ELXSI - BUY

CMP – Rs 1,580

STOP LOSS – Rs 1,520

TARGET – Rs 1,700

 

Tata Elixir is gradually getting out of consolidation range with rising RSI, rising ADX , Positive MACD & better volume, which gives an up side target of 1700 We recommend a BUY

 

GMDC - BUY

CMP – Rs 126

STOP LOSS – Rs 120

TARGET - Rs 132-138

 

GMDC is getting in new round of momentum with higher volume & favorable indicators, in an already rising trend, this stock is also on a weekly chart has near term resistance at 135, a move past 135 makes it ready for higher levels of 138-140, buy now & in decline for higher targets.

 

CANARA BANK - BUY

CMP – Rs 328.5

STOP LOSS – Rs 318

TARGET – Rs 335-340

 

CANARA BANK has closed above the resistance of 327 with rising indicators getting it in a new price range for a target of 335-340. Buy this stock with stop loss below 320.

 

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.