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Here are a few trading ideas from Chandan Taparia of Anand Rathi for Wednesday's session:
BUY GRASIM
The stock has given an upside breakout from its symmetrical triangle pattern on daily chart. It has also conquered to its 200 DMA and rising trading volumes also suggests a potential upside in the stock. It has surpassed its hurdle of 881 and 899 zones thus giving further upside target of 936 and higher levels. One can buy the stock on a small decline with stop loss of Rs 882 for the target of Rs 936 levels.
The stock has given an upside breakout from its symmetrical triangle pattern on daily chart. It has also conquered to its 200 DMA and rising trading volumes also suggests a potential upside in the stock. It has surpassed its hurdle of 881 and 899 zones thus giving further upside target of 936 and higher levels. One can buy the stock on a small decline with stop loss of Rs 882 for the target of Rs 936 levels.
BUY HINDUSTAN PETROLEUM
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