Buy Godrej Industries for a target of 430, SL of Rs 383: Religare Broking

Top trading ideas by Religare Broking:

Adani Ports and Special Economic Zone Limited

Rec: BUY 

Last Close: Rs 399.75

Initiation range: Rs 395-400

Target: Rs 430

Stop loss: Rs 383 

After consolidating in a broader range for last almost five months on chart, ADANIPORTS has surged strongly, with decent rise in volume and ended near its day’s high, indicates fresh breakout from its declining trend-line pattern. Further, the existence of support zone of multiple moving averages is also adding to the positivity. We advise traders to accumulate the stock in the given range.

Godrej Industries Limited 

Rec: BUY

Last Close: Rs 648.65

Initiation range: Rs 640-645

Target: Rs 675

Stop loss: Rs 628

GODREJIND