Technical calls from Prabhudas Lilladher: Buy JK Tyres, Gujarat Alkalies

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
JK TYRE INDUSTRIES - BUY    
CMP: Rs 179.65   
TARGET:  Rs 190   
STOP LOSS:  Rs 172
 
The stock after making a higher bottom formation has recovered to bounce back to its previous peak level of around 180 and is on the verge of a breakout with increasing volume participation. Also with the positive RSI indicator supporting the upward move, we recommend to Buy this stock for an upside target of 190 keeping a stop loss of 172.
 
RAMKRISHNA FORGINGS - BUY