Buy Shriram Transport, Bata and Sun TV, says Prabhudas Lilladher

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

BUY  Shriram Transport

    

CMP: Rs 1,025.95   

TARGET: Rs 1,110   

STOP LOSS: Rs 990

The stock has made a bottom at around Rs 935 and has made a decent upwards move to cross above the consolidation phase of around Rs 1000. The RSI is on the rise and with favourable indicators. We recommend a Buy in this stock for an upside target of Rs 1110 keeping a stop loss of Rs 990.

BUY  Bata    

CMP: Rs 550.10   

TARGET: Rs 590    

STOP LOSS: Rs 530

The stock has made a bottom at around Rs 515 and has made a good recovery. With MACD showing a buy signal and RSI on the rise, the stock looks promising for un upside target of around Rs 590. We recommend a buy in this stock keeping a stop loss of Rs 530.

BUY  Sun TV  

CMP: Rs 834.35     

TARGET: Rs 920     

STOP LOSS: Rs 780

The stock has made a decent correction from Rs 928 and has consolidated at around Rs 780 for quite some time, which is also a very good support. The stock is getting into momentum and with favourable indicators and RSI on the rise, we recommend a buy in this stock for an upside target of Rs 920 keeping a stop loss of Rs 780.

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