Top trading ideas by Anand Rathi Shares: Buy Ambuja Cements, Tata Power

On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future

BUY AMBUJA CEMENTS LTD | TARGET: Rs 298 | STOP LOSS: Rs 270

The stock is in the cycle of higher highs, higher lows and is highly poised to test its all-time high zone in the coming future. In the past couple of sessions, it has seen some correction and is currently placed near its 21-DEMA on daily chart, from where it is expected to see some resurgence. Even on indicator front, the MACD is comfortably placed above its signal-line and the 14-period RSI is soaring northwards, affirming that the stock may surge in the coming future.

BUY TATAPOWER COMPANY LTD |