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