Buy Canara Bank, Tata Elxsi, says Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
TATA ELXSI - BUY
CMP – Rs 1,580
STOP LOSS – Rs 1,520
TARGET – Rs 1,700

 
Tata Elixir is gradually getting out of consolidation range with rising RSI, rising ADX , Positive MACD & better volume, which gives an up side target of 1700 We recommend a BUY
 
GMDC - BUY
CMP – Rs 126
STOP LOSS – Rs 120
TARGET - Rs 132-138
 
GMDC is getting in new round of momentum with higher volume & favorable indicators, in an already rising trend, this stock is also on a weekly chart has near term resistance at 135, a move past 135 makes it ready for higher levels of 138-140, buy now & in decline for higher targets.

 
CANARA BANK - BUY
CMP – Rs 328.5
STOP LOSS – Rs 318
TARGET – Rs 335-340
 
CANARA BANK has closed above the resistance of 327 with rising indicators getting it in a new price range for a target of 335-340. Buy this stock with stop loss below 320.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.