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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
GUJARAT ALKALIES & CHEMICALS - BUY
CMP: Rs 412.95
TARGET: Rs 445
STOP LOSS: Rs 390
The stock has been in consolidation for quite a long time at around the 395 level and now it has produced a bullish candle stick pattern to give a breakout above the consolidation range. The RSI indicator has also given a decisive trend reversal to signify a strong potential move in the upward direction. Along with decent volume participation, we recommend a buy in this
GUJARAT ALKALIES & CHEMICALS - BUY
CMP: Rs 412.95
TARGET: Rs 445
STOP LOSS: Rs 390
The stock has been in consolidation for quite a long time at around the 395 level and now it has produced a bullish candle stick pattern to give a breakout above the consolidation range. The RSI indicator has also given a decisive trend reversal to signify a strong potential move in the upward direction. Along with decent volume participation, we recommend a buy in this
