Buy IRB Infra, Dishman Pharma: Prabhudas Lilladher
Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
IRB INFRA – BUY
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CMP: Rs 244
Stop loss: Rs 234
Target: Rs 255-258
IRB Infra on daily chart after consolidating between 230-240 levels has now given a breakout with higher volumes & rising RSI, which indicates it is ready for a new round of momentum for a target of 255-260. We recommend a BUY.
DISHMAN PHARMA - BUY
CMP: Rs 243
Stop loss: Rs 227
Target: Rs 260
Dishman Pharma is gradually getting in a trend with improving volumes. The stock has corrected from 260 levels to 200 levels with RSI bouncing back from oversold levels. Now with higher bottom formations on the daily chart, the stock is ready to re-test the previous high of 260. We recommend a BUY.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.