Buy Bajaj Auto, Gail and Jet Airways says Prabhudas Lilladher
STOCK MARKET - Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher: BAJAJ AUTO - BUY CMP: Rs 2,874.65 TARGET: Rs 3,120 STOP LOSS: Rs 2,820
The stock has made a higher bottom formation in the daily chart and is in a trending mode and now the positive candle formed indicates further strength and potential to rally upward to scale new heights. The RSI indicator has made a steep rise and also has made a trend reversal signaling a buy in the stock. With good volume participation, we recommend a buy in this stock for an upside target of 3120 keeping a stop loss 2820 JET AIRWAYS - BUY CMP: Rs 609.40 TARGET: Rs 665 STOP LOSS: Rs 580 The stock has taken a breather after it rallied from 455 levels to touch the peak of 624 and now after a gradual correction, it has made a higher bottom formation like pattern and now has produced a bullish candle formation indicating positive bias in the stock. The RSI indicator has indicated a trend reversal signaling a buy and thus we recommend a buy in this stock for an upside target of 665 keeping a stop loss of 580.
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