Buy Kamat Hotels, Kesoram Industries, says Prabhudas Lilladher
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Buy KAMAT HOTELS (INDIA)
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Stoploss: Rs 35
Target: Rs 48
Kamat Hotel has witnessed very high volume with a rising trend, and other supporting indicators like rising RSI, positive MACD & rising ADX. However, we recommend to buy the stock now and in decline for positional target of Rs 48 and stoploss of Rs 35.
Buy KESORAM INDUSTRIES
CMP: Rs 158.15
Stoploss: Rs 140
Target: Rs 180-185
Kesoram Industries, after a long consolidation between Rs 140 and Rs 158, has broken out of this range with very high volume and positive indicators. This stock is getting ready for a take-off to higher targets of Rs 185 and higher. We recommend a positional BUY, with a stoploss of Rs 140.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.