Top stock pick from Prabhudas Lilladher: Buy Jain Irrigation, India Cements
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
JAIN IRRIGATION – BUY
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CMP – Rs 108
STOP LOSS – Rs 100
TARGET – Rs 118
Jain Irrigation has moved with very high volume with positive indicators, like rising ADX, positive MACD & rising RSI this stock is ready for near term target 112 & a move past , 112 next target is 118. We recommend a BUY.
INDIA CEMENTS - BUY
CMP – Rs 170
STOP LOSS –Rs 160
TARGET – Rs 190
India Cements has breached the previous high of 173.8 with very high volume & a close above the previous high makes it ready for projected target 190. Support lies at 158-160, we recommend a BUY even in decline for a positional target 190.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.