Technical buy and sell calls by Chandan Taparia of Anand Rathi

Here are a few trading ideas from Chandan Taparia of Anand Rathi for Monday's session:

BUY MARICO

The stock is making higher highs- higher lows from the last three sessions after taking support near to Rs 240. It has formed a short term reversal pattern and is giving the signs of bottom formation and is turning from the oversold territory. It crossed its falling supply trend line and moved above its 50-DMA. It gave the highest daily close of last thirty five trading sessions. Thus one can buy the stock with the stoploss of Rs 250 for the upside immediate target of