Stock picks from Prabhudas Lilladher: Buy ICICI Bank, Arvind

Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
ICICI BANK - BUY
CMP – Rs 286.7
STOP LOSS - Rs 279
TARGET - Rs 295-300

 
ICICI BANK has a new round of momentum crossing the near term resistance of Es 283 with rising RSI & positive MACD, this stock is ready for a target of Rs 295-300.
 
JAIN IRRIGATION - BUY
CMP – Rs 99
STOP LOSS – Rs 93
TARGET – 108
 
After consolidating at 93 levels, the company has moved up with strong momentum & high volume. It closed above the previous high of 99. The stock looks positive for an upside target of Rs 108 and we recommend a buy.

 
ARVIND LTD - BUY
CMP – Rs 409
STOP LOSS – Rs 393
TARGET – Rs 423
 
ARVIND is already in a trending mode and has seen fresh round of momentum with favorable indicators & improvement in volume. This stock is likely to move higher for target of Rs 423, we recommend a buy.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.