 "Trading ideas by Vaishali Parekh: Buy Cochin Shipyard, Graphite India")
BUY COCHIN SHIPYARD | CMP: Rs 331.85 | Target: Rs 375-385 | Stop Loss: Rs 320
The stock has maintained a strong bottom near 320 levels and has given a bullish positive candle to imply strength. It has the potential to carry on the momentum further in the coming days. The RSI also has indicated a trend reversal and is in a strong bias. We suggest to buy and accumulate this stock for an upside target of Rs 375-385 levels, keeping the stop loss of Rs 320.
BUY GRAPHITE | CMP: Rs 186.15 | Target: Rs 225-235 | Stop Loss: Rs 165
The stock has bottomed out near 165 levels and has given a breakout indication above the triangle pattern to signify strength. It has the potential to rise further in the coming days. The RSI also is on the rise to indicate a strong bias. With the chart looking good on the technical parameters, we suggest to buy and accumulate this stock for an upside target of Rs 210-220 levels, keeping the stop loss of Rs 165.
======================================
Disclaimer: The author is an analyst with Prabhudas Lilladher and may have position in one or all of the above mentioned stocks. Views are personal.
======================================
Disclaimer: The author is an analyst with Prabhudas Lilladher and may have position in one or all of the above mentioned stocks. Views are personal.
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%