 "Buy Ceat and DHFL, says Vaishali Parekh of Prabhudas Lilladher")
Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Buy Ceat
CMP: 1230
Stoploss: Rs 1150
Target: Rs 1280-1300
The stock on daily chart is in process of higher bottom formation after taking support of 200-DMA, with rise in volume and rising RSI. This stock needs to cross Rs 1,245 decisively for higher targets of Rs 1280-1300. We recommend a BUY on the stock.
Also Read
Buy Dewan Housing Finance Corporation
CMP: Rs 343
Stoploss: Rs 330
Target: Rs 360-365
DHFL is already in a strong trend, and now has crossed the all time high of Rs 339 with higher volume. A close above this indicates further strength for higher targets of Rs 360-365. We recommend a buy now and in decline near Rs 330 with stoploss of Rs 325.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%