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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
ASHOK LEYLAND - BUY
CMP: Rs 105.15
TARGET: Rs 120
STOP LOSS: Rs 96
The stock has given a breakout above the 97 level and is in a rising trend and we anticipate the stock to move still further up to 120 - 130 levels. The MACD indicator is on the rise and volume participation is tremendous in the past 4-5 days. We recommend to buy this stock for an upside target of 120 keeping a stop loss of 96.
ASHOK LEYLAND - BUY
CMP: Rs 105.15
TARGET: Rs 120
STOP LOSS: Rs 96
The stock has given a breakout above the 97 level and is in a rising trend and we anticipate the stock to move still further up to 120 - 130 levels. The MACD indicator is on the rise and volume participation is tremendous in the past 4-5 days. We recommend to buy this stock for an upside target of 120 keeping a stop loss of 96.
