Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
HAVELLS INDIA - BUY
CMP: Rs 470.95
TARGET: Rs 510
STOP LOSS: Rs 450
The stock has made a decent correction from the peak of 522 to 435 level and has been consolidating at around 460 levels for the past few days. With rising RSI and other favourable indicators, we recommend a Buy in this stock for an upside target of 510 keeping a stop loss of 450.
LAKSHMI VILAS BANK - BUY
CMP: Rs 189.90
TARGET: Rs 205
STOP LOSS: Rs 182
The stock has been consolidating for quite some time around the 180 levels and has maintained a good support. The stock has made a good positive candle pattern and we anticipate the stock to rise further till around 205 levels. With the RSI also turning up with positive indications, we recommend a Buy in this stock with an upside target of 205 keeping a stop loss of 182.
AMBUJA CEMENTS - BUY
CMP: Rs 242.45
TARGET: Rs 260
STOP LOSS: Rs 234
The stock after correcting from 262 levels has made a higher bottom formation and gradually is on the rise. It has also maintained its level above the cluster of significant moving averages and with RSI on the rise, we recommend this stock for a Buy keeping a stop loss of 234 for an upside target of 260.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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