Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Kaveri Seeds chart indicates a trend reversal, while Piramal Enterprise is in a rising channel pattern

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The stock of Piramal Enterprises has been in an ascending trend

Vaishali Parekh Mumbai

2 min read Last Updated : Sep 06 2021 | 8:49 AM IST

BUY KAVERI SEEDS | CMP: Rs 599 | Target: Rs 670-700 | Stop Loss: Rs 560

The stock has witnessed decent erosion from Rs 780 and bottoming out near Rs 555 to indicate an improvement in the trend. The chart looks attractive and indicates a reversal pattern with formation of positive candles. The RSI too has seen a trend reversal from the oversold zone and has given a ‘Buy’ signal. We suggest to buy and accumulate this stock for an upside target of Rs 670-700, with a stop loss near Rs 560. CLICK HERE FOR CHART

BUY PIRAMAL

Topics : Markets Market technicals trading ideas from Prabhudas Lilladher Stocks to buy Stock ideas stocks to watch Kaveri Seeds Company Piramal Enterprise