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Market tracker: Buy Motherson Sumi, Hero MotoCorp and Power Finance

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

market flat, sensex, bse, nse, nifty, stock
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market flat, sensex, bse, nse, nifty, stock

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

BUY  MOTHERSON SUMI    

CMP: Rs 470.05       
TARGET: Rs 500      
STOP LOSS: Rs 450

The stock has been in a good rally and recently from the peak level of around Rs 493, it gave a small correction and from the low of Rs 458, it has now made a positive candle formation. We now anticipate the stock to move again still further to move past the previous peak of Rs 493. We recommend a buy in this stock for an upside target of Rs