 "Trading ideas from Prabhudas Lilladher for today's session")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
JET AIRWAYS - BUY
CMP: Rs 569.35
TARGET: Rs 625
STOP LOSS: Rs 525
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The stock has given a good run right from around 460 levels to scale 576 and after a short correction again it has produced a positive candle signifying strength to carry further the rally to new heights. With the RSI indicating a trend reversal and signaling a buy and with also the MACD which on the rise, we recommend a buy in this stock for an upside target of 625 keeping a stop loss of 525.
BHARTI AIRTEL - BUY
CMP: Rs 377.20
TARGET: Rs 415
STOP LOSS: Rs 358
The stock has been in consolidation phase for quite some time moving in a very narrow range and now there are signs of positive candle stick patterns and we anticipate a breakout from the consolidation band to scale new targets of around 415. Also the RSI has significantly given a positive trend reversal indication and hence we recommend a buy in this stock for a target of 415 keeping a stop loss of 358.
UNITED SPIRITS - BUY
CMP: Rs 2,367.95
TARGET: Rs 2,550
STOP LOSS: Rs 2,230
The stock has made a higher bottom formation pattern in the daily chart and now it has produced a decent bullish candle with decent volume participation. The RSI has also indicated a positive trend reversal and we anticipate the stock to move further to give a breakout above its previous peak level of 2520 level and scale further new heights. We recommend a buy in this stock for an upside target of 2550 keeping a stop loss of 2230.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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