 "Buy ICICI Bank, Polaris Consulting: Vaishali Parekh of Prabhudas Liladher")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY ICICI BANK
CMP: Rs 307.95
TARGET: Rs 330
STOP LOSS: Rs 298
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The stock has given a breakout above the Rs 304 a day before and has maintained its level inspite of the heavy profit-booking activity in the market. We anticipate this stock to pick up its momentum around Rs 330 with positive rising RSI and other favourable indicators. We recommend a Buy in this stock keeping a stop loss of Rs 298 for an upside target of Rs 330.
BUY POLARIS CONSULTING & SERVICES
CMP: Rs 222.80
TARGET: Rs 250
STOP LOSS: Rs 210
The stock has picked up momentum and has moved above the rangebound zone breaking Rs 214 and is anticipated to perform in the coming days. With rising RSI and positive trend reversal in the MACD indicator. We recommend a Buy in this stock with an upside target of Rs 250 keeping a stop loss of Rs 210.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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