Stock picks from Prabhudas Lilladher: Buy ICICI Bank, Arvind

Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

 

ICICI BANK - BUY

CMP – Rs 286.7

STOP LOSS - Rs 279

TARGET - Rs 295-300

 

ICICI BANK has a new round of momentum crossing the near term resistance of Es 283 with rising RSI & positive MACD, this stock is ready for a target of Rs 295-300.

 

JAIN IRRIGATION - BUY

CMP – Rs 99

STOP LOSS – Rs 93

TARGET – 108

 

After consolidating at 93 levels, the company has moved up with strong momentum & high volume. It closed above the previous high of 99. The stock looks positive for an upside target of Rs 108 and we recommend a buy.

 

ARVIND LTD - BUY

CMP – Rs 409

STOP LOSS – Rs 393

TARGET – Rs 423

 

ARVIND is already in a trending mode and has seen fresh round of momentum with favorable indicators & improvement in volume. This stock is likely to move higher for target of Rs 423, we recommend a buy.

 

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