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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
GUJARAT PIPAVAV - BUY
CMP: Rs 149.50
TARGET: Rs 170
STOP LOSS: Rs 140
The stock has been in a gradual correction phase and after the recent rally has made a higher bottom formation pattern in the daily chart and we anticipate the stock to move strongly in the upward direction further. The RSI also has indicated a trend reversal signaling a buy and with decent volume participation we recommend a buy in this stock for an upside target of 170
GUJARAT PIPAVAV - BUY
CMP: Rs 149.50
TARGET: Rs 170
STOP LOSS: Rs 140
The stock has been in a gradual correction phase and after the recent rally has made a higher bottom formation pattern in the daily chart and we anticipate the stock to move strongly in the upward direction further. The RSI also has indicated a trend reversal signaling a buy and with decent volume participation we recommend a buy in this stock for an upside target of 170
