 "Three trading ideas by Vaishali Parekh of Prabhudas Liladher")
Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY YES BANK
CMP: Rs 1,518
Stop Loss: Rs 1,470
Target: Rs 1,580
The stock is already in a strong trend. After retracing to support levels of 1,450, it has got back its momentum for targets of 1,550-1,580. We recommend a buy.
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BUY INFOSYS
CMP: Rs 1,040
Stop Loss: Rs 1,000
Target: Rs 1,100
Infosys has closed above 200-DMA with rising RSI and good volume. We recommend buying now, and on declines, with a stop loss of Rs 1,000 for a target of Rs 1,100.
BUY LUPIN
CMP: Rs 1,490
Stoploss: Rs 1,440
Target: Rs 1540
Lupin is gradually showing signs of improvement with rising RSI. Also, PDI crossing over MDI implies strength for up move. We recommend buying now, and on declines, with stoploss of Rs 1,440.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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