 "Top technical calls from Prabhudas Lilladher: Buy Tata Motors, Voltas")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
TATA MOTORS - BUY
CMP: Rs 469.55
TARGET: Rs 490
STOP LOSS: Rs 460
Also Read
The stock has moved above its previous peak of 460 levels giving a breakout accompanied by decent volume. With the RSI indicator in the positive and in the rising trend, we anticipate the stock move up further till 490 levels from here on. We recommend a Buy in this stock with an upside Target of 490 keeping a stop loss of 460.
VOLTAS - BUY
CMP: Rs 446.50
TARGET: Rs 470
STOP LOSS: Rs 433
The stock has made a positive candle pattern and has given a breakout closing above its previous peak of 446. The RSI also has indicated a buy signal by reversing it trend on the positive side. With decent volume and other favourable indicators, we recommend a Buy in this stock with an upside Target of 470 keeping a stop loss of 433.
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%