Top three trading calls from Prabhudas Lilladher for Friday's trade
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
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CMP: Rs 86.7
Stop loss: Rs 80
Target: Rs 100
RCF is already in a good uptrend, after consolidating at Rs 77-83 levels. It has got in the new round of momentum with high volume. This stock has an upside target of Rs 100. We recommend a BUY.
CMP: Rs 154.6
Stoploss: Rs 148
This stock has corrected from Rs 200. After making a low at Rs 128 levels, it has bounced back and sustained above a cluster of moving averages. It has also closed above the previous resistance of Rs 153. This stock is ready on a road to recovery. We recommend a BUY.
BUY EXIDE INDUSTRIES
CMP: Rs 238
Stoploss: Rs 232
Target: Rs 250-260
The stock above Rs 234 has got into a new price range with RSI showing new round of momentum. This stock looks positive for projected target of Rs 250-260.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.