Buy GAIL, Shipping Corporation and Marico, says Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

BUY GAIL  

CMP: Rs 362.35     

TARGET: Rs  400   

STOP LOSS:  Rs 340

The stock after making a high of 430 levels now has made double bottom at 345 and also taken support at the 200 DMA. The RSI indicator has made a positive trend reversal and the stock now looks ready for an up move to around 400 levels. We recommend a buy in this stock for an upside target of 400 keeping a stop loss of 340.

BUY SHIPPING CORPORATION  

CMP: Rs 83.05     

TARGET: Rs 90