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Buy Apollo Tyres, Coffee Day, says Vaishali Parekh from Prabhudas Lilladher

Vaishali Parekh/Mumbai 17 May 17 | 08:02 AM

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

APOLLO TYRES - BUY

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CMP:  Rs 234.40       

TARGET: Rs 255      

STOP LOSS: Rs 225

The stock has made a higher bottom formation after giving a decent correction from the peak of 254 levels and the trend has made a reversal to signal a positive bias. The RSI indicator also has indicated a buy signal by reversing it trend. We recommend a Buy in this stock for an upside target of 255 keeping a stop loss of 225.

  

COFFEE DAY ENTERPRISES - BUY     

CMP: Rs 273.30        

TARGET:  Rs 292     

STOP LOSS:  Rs 260

The stock has rallied with tremendous volume participation and with the positive indicators like RSI and MACD, we anticipate this stock to move further upwards to around 292 levels. We recommend a buy in this stock keeping a stop loss of 260 for an upside target of 292.

PRABHAT DAIRY - BUY    

CMP: Rs 123.45         

TARGET: Rs 135      

STOP LOSS: Rs 118

The stock has given a spurt with good volume and has maintained a strong base at around 118 levels which can be considered as the stop loss. The RSI indicator also has moved in the positive direction and with other positive indicators we anticipate this stock to move further upward till 135 levels. We recommend a Buy in this stock for an upside target of 135 keeping a stop loss of 118.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

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