Buy Kamat Hotels, Kesoram Industries, says Prabhudas Lilladher

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

Buy KAMAT HOTELS (INDIA)

CMP-41.7

Stoploss: Rs 35

Target: Rs 48

Kamat Hotel has witnessed very high volume with a rising trend, and other supporting indicators like rising RSI, positive MACD & rising ADX. However, we recommend to buy the stock now and in decline for positional target of Rs 48 and stoploss of Rs 35.

Buy KESORAM INDUSTRIES

CMP: Rs 158.15

Stoploss: Rs 140

Target: Rs 180-185

Kesoram Industries, after a long consolidation between Rs 140 and Rs 158, has broken out of this range with very high volume and positive indicators. This stock is getting ready for a take-off to higher targets of Rs 185 and higher. We recommend a positional BUY, with a stoploss of Rs 140.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.