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Buy Kamat Hotels, Kesoram Industries, says Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

market flat, sensex, bse, nse, nifty, stock
market flat, sensex, bse, nse, nifty, stock
Vaishali Parekh Mumbai
Last Updated : Apr 19 2017 | 8:17 AM IST
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

Buy KAMAT HOTELS (INDIA)

CMP-41.7
Stoploss: Rs 35
Target: Rs 48

Kamat Hotel has witnessed very high volume with a rising trend, and other supporting indicators like rising RSI, positive MACD & rising ADX. However, we recommend to buy the stock now and in decline for positional target of Rs 48 and stoploss of Rs 35.

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Buy KESORAM INDUSTRIES

CMP: Rs 158.15
Stoploss: Rs 140
Target: Rs 180-185

Kesoram Industries, after a long consolidation between Rs 140 and Rs 158, has broken out of this range with very high volume and positive indicators. This stock is getting ready for a take-off to higher targets of Rs 185 and higher. We recommend a positional BUY, with a stoploss of Rs 140.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.