Top two trading calls for today's trade by Prabhudas Liladher

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

BPCL 

CMP: Rs 742 

Stop loss: Rs 700 

Target: Rs 800

BPCL is in a strong uptrend, making a higher top-higher bottom formation on daily chart and now with all positive indicators, the stock is ready for new projected target of Rs 800. We recommend this stock for a Buy keeping a stop loss of Rs 700 for an upside target of Rs 800.

TATA MOTORS DVR 

CMP: Rs 287 

Stop loss: Rs 275 

Target: Rs 315

After making a bottom at Rs 256, this stock has now got into a trend and ADX is also on the rise indicating strength to further up move. We recommend this stock for a Buy keeping a stop loss of Rs 275 for an upside target of Rs 315.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.