Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
STAR - BUY
CMP: Rs 1,080.50
TARGET: Rs 1,270
STOP LOSS: Rs 990
The stock has corrected well from the peak levels of 1230 to 850 and has made a lower bottom formation in the daily chart and from thereon has recovered strongly to move past the 200 DMA level signifying strength. We anticipate still further up move to the extent of around 1200 levels and with the RSI showing positive bias, we recommend a buy in this stock for na
STAR - BUY
CMP: Rs 1,080.50
TARGET: Rs 1,270
STOP LOSS: Rs 990
The stock has corrected well from the peak levels of 1230 to 850 and has made a lower bottom formation in the daily chart and from thereon has recovered strongly to move past the 200 DMA level signifying strength. We anticipate still further up move to the extent of around 1200 levels and with the RSI showing positive bias, we recommend a buy in this stock for na