 "Top technical calls from Prabhudas Lilladher: Buy NIIT, Chambal Fertilisers")
Here are three stock recommendations from Prabhudas Lilladher:
SREI INFRA - BUY
CMP: Rs 110.05
TARGET: Rs 126
STOP LOSS: Rs 103
The stock has made a higher bottom formation and thereafter, gradually has been moving positively and on the verge of giving a breakout above the previous peak of 116 levels. With the RSI indicator on the rise and decent volume participation, we anticipate the stock to reach the level of 126. We recommend a buy in this stock keeping a stop loss of 103 and target of 126.
NIIT - BUY
CMP: Rs 87.30
TARGET: Rs 95
The author is Research Analyst - Technical Research at Prabhudas Lilladher
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
SREI INFRA - BUY
CMP: Rs 110.05
TARGET: Rs 126
STOP LOSS: Rs 103
Also Read
The stock has made a higher bottom formation and thereafter, gradually has been moving positively and on the verge of giving a breakout above the previous peak of 116 levels. With the RSI indicator on the rise and decent volume participation, we anticipate the stock to reach the level of 126. We recommend a buy in this stock keeping a stop loss of 103 and target of 126.
NIIT - BUY
CMP: Rs 87.30
TARGET: Rs 95
STOP LOSS: Rs 85
The stock has been consolidating for a while at around 86 -87 levels and with the RSI giving a steep rise, we anticipate some upward momentum in the coming days. With decent volume participation, we recommend a buy in this stock for an upside target of 95 keeping a stop loss of 85.
CHAMBAL FERTILIZERS - BUY
CMP: Rs 128.25
TARGET: Rs 140
STOP LOSS: Rs 120
The stock has given a breakout to move above the consolidation phase of around 126 levels and with the RSI indicator reversing its trend to signal a buy, we anticipate the stock to move further to around 140 level. Along with good volume activity, we recommend a buy in this stock for an upside target of 140 keeping a stop loss of 120.
The stock has been consolidating for a while at around 86 -87 levels and with the RSI giving a steep rise, we anticipate some upward momentum in the coming days. With decent volume participation, we recommend a buy in this stock for an upside target of 95 keeping a stop loss of 85.
CHAMBAL FERTILIZERS - BUY
CMP: Rs 128.25
TARGET: Rs 140
STOP LOSS: Rs 120
The stock has given a breakout to move above the consolidation phase of around 126 levels and with the RSI indicator reversing its trend to signal a buy, we anticipate the stock to move further to around 140 level. Along with good volume activity, we recommend a buy in this stock for an upside target of 140 keeping a stop loss of 120.
The author is Research Analyst - Technical Research at Prabhudas Lilladher
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%