Top three trading calls for today's trade by Prabhudas Lilladher
STOCK MARKET - Few trading ideas by Vaishali Parekh, Research Analyst Technical Research at Prabhudas Lilladher: BUY MANAPPURAM FINANCE CMP: Rs 106.30 TARGET: Rs 120
STOP LOSS: Rs 99 The stock has taken support at Rs 101, which is also where the significant moving average of 34-WMA lies and now has formed a positive bullish candle indicating strength and potential for further up move. The RSI has shown a positive trend reversal to signal a buy in this stock and with tremendous volume participation. We recommend a buy in this stock for an upside target of Rs 120 keeping a stop loss of Rs 99. BUY RURAL ELECTRIFICATION CORPORATION CMP: Rs 181.30 TARGET: Rs 200 STOP LOSS: Rs 168 The stock has witnessed a slow steady gradual correction from around Rs 190 and has consolidated around Rs 173-175 for some time. Now it has given a positive candle pattern anticipating strength and potential for more further upward rally. The RSI has strongly recovered from around the oversold zone and signifies still further buoyancy for upward movement. We recommend a buy in this stock for an upside target of Rs 200 keeping a stop loss of Rs 168.
GET LIVE UPDATES ON MARKET ARTICLE SOURCE – BUSINESS STANDARD