 "Top three trading calls by Prabhudas Lilladher for Tuesday's trade")
A few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY ONGC
CMP: Rs 186.55
TARGET: Rs 200
STOPLOSS: Rs 178
The stock has been consolidating near the 200-DMA level which is around Rs 178. With rising RSI indicator and increasing volume, this stock has given a good spurt and thus, we recommend a Buy in this stock with a potential upside target of Rs 200, keeping a stop loss of 178. Also the MACD indicator has turned positive giving a buy signal.
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BUY SOUTH INDIAN BANK
CMP: Rs 25.7
STOPLOSS: Rs 23
TARGET: Rs 30
The stock has given a breakout above 25.65 with very high volume and rising indicators, indicating a further up move. We recommend a BUY on the stock.
BUY UPL
CMP: Rs 806
STOPLOSS: Rs 770
TARGET: Rs 840
UPL is already in a very strong trend, and is ready for a new round of momentum for further up move with all favorable indicators. Risk reward would also be favorable for next projected target of Rs 840-860.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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