Top three trading calls by Prabhudas Lilladher for Tuesday's trade

A few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

BUY ONGC 

CMP: Rs 186.55 

TARGET: Rs 200  

STOPLOSS: Rs 178

The stock has been consolidating near the 200-DMA level which is around Rs 178. With rising RSI indicator and increasing volume, this stock has given a good spurt and thus, we recommend a Buy in this stock with a potential upside target of Rs 200, keeping a stop loss of 178. Also the MACD indicator has turned positive giving a buy signal.

BUY SOUTH INDIAN BANK 

CMP: Rs 25.7

STOPLOSS: Rs 23

TARGET: Rs 30
 

The stock