Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY INDIA CEMENTS
CMP: Rs 215.25
TARGET: Rs 235
STOP LOSS: Rs 200
The stock has been consolidating for quite a while at around Rs 210 and now has given a trigger to rise above the consolidation phase band. The RSI is on the rise so also is the MACD which signifies further strength and potential in the stock and with active volume participation witnessed in recent days, we recommend a buy in this stock for an upside target of Rs 235