 "bull market, rise, rally, sensex, share")
Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Buy Ceat
CMP: 1230
Stoploss: Rs 1150
Target: Rs 1280-1300
The stock on daily chart is in process of higher bottom formation after taking support of 200-DMA, with rise in volume and rising RSI. This stock needs to cross Rs 1,245 decisively for higher targets of Rs 1280-1300. We recommend a BUY on the stock.
Buy Dewan Housing Finance Corporation
CMP: Rs 343
Stoploss: Rs 330
Target: Rs 360-365
DHFL is already in a strong trend, and now has crossed the all time high of Rs 339 with higher volume. A close above this indicates further strength for higher targets of Rs 360-365. We recommend a buy now and in decline near Rs 330 with stoploss of Rs 325.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
