Technical calls by Religare Broking: Buy Dabur India, Muthoot Finance

Top trading ideas by Religare Broking:

Can Fin Homes Limited (CANFINHOME) 

Rec: BUY

Last Close: Rs 345.30

Initiation range: Rs 344-346

Target: Rs 368

Stop loss: Rs 332

CANFINHOME has retraced considerably from the top and reached closer to its long term support of 200 EMA on weekly chart. It penetrated the same for brief but make equally sharp recovery of late. Now, the chart pattern combined with positioning of indicators is pointing towards strong rebound ahead. We advise traders to create fresh long in the given range. 

Dabur India Limited

Rec: BUY

Last Close: Rs 373.70

Initiation range: Rs 370-372

Target: Rs 385

Stop loss: Rs 365

DABUR, after making a new record