 "Top two trading calls for today's trade by Prabhudas Liladher")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BPCL
CMP: Rs 742
Stop loss: Rs 700
Target: Rs 800
BPCL is in a strong uptrend, making a higher top-higher bottom formation on daily chart and now with all positive indicators, the stock is ready for new projected target of Rs 800. We recommend this stock for a Buy keeping a stop loss of Rs 700 for an upside target of Rs 800.
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TATA MOTORS DVR
CMP: Rs 287
Stop loss: Rs 275
Target: Rs 315
After making a bottom at Rs 256, this stock has now got into a trend and ADX is also on the rise indicating strength to further up move. We recommend this stock for a Buy keeping a stop loss of Rs 275 for an upside target of Rs 315.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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