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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
TATA MOTORS - BUY
CMP: Rs 464
TARGET: Rs 490
STOP LOSS: Rs 445
The stock has recently made a higher bottom formation in the daily chart and has recovered subsequently and with consolidation phase going on, the stock has the potential to rise from here on to still upwards levels. The RSI indicator is on the rise while also is the MACD signifying strength and with good volume activity witnessed, we recommend a buy in this stock for an upside
TATA MOTORS - BUY
CMP: Rs 464
TARGET: Rs 490
STOP LOSS: Rs 445
The stock has recently made a higher bottom formation in the daily chart and has recovered subsequently and with consolidation phase going on, the stock has the potential to rise from here on to still upwards levels. The RSI indicator is on the rise while also is the MACD signifying strength and with good volume activity witnessed, we recommend a buy in this stock for an upside
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