Top trading ideas for today's trade by Prabhudas Lilladher
Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
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CMP: Rs 100.8
Stoploss: Rs 90
Target: Rs 115
Sintex on a weekly chart is getting in new price territory with improving volumes and RSI on weekly chart being at Rs 65, implies strength in stock for further up move. We recommend a BUY.
Buy TATA MOTORS DVR
CMP: Rs 292.8
Stoploss: Rs 280
Target: Rs 315
This stock after correcting from 346 levels, made a low of Rs 267, now with RSI bouncing from oversold zone, this stock is gradually getting into a trend to bounce back to Rs 320. We recommend a BUY
CMP: Rs 198.7
Stoploss: Rs 190
Target: Rs 215
Hindalco is already in a strong upmove. It has got in new round of momentum with higher volume, across previous high of Rs 202 gives it a further upside potential of Rs 215, RSI & MACD on daily chart supports the view. We recommend a BUY.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.