Top three trading calls for today's trade by Prabhudas Liladher

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

BUY  RUCHIRA PAPERS  

CMP: Rs 169  

TARGET: Rs 182    

STOP LOSS: Rs 162

The stock has been consolidating for quite a long time with a strong support at around Rs 162 and now it has made a positive candle pattern with a high volume. The RSI indicator has also made a trend reversal with a buy signal. We recommend this stock to buy for an upside target of Rs 182 keeping a stop loss of Rs 162.
                                        

BUY  VA TECH  WABAG   

CMP: Rs 691.50    

TARGET: Rs 735    

STOP LOSS: Rs 670

The stock has been consolidating for some time at around Rs 675 and now it has given a spurt with a positive candle pattern accompanied with good volume. The RSI indicator has also made a trend reversal with a buy signal. We recommend this stock to buy for an upside target of Rs 735 keeping a stop loss of Rs 670.

BUY MARICO
  

CMP: 317.30  

TARGET: Rs 335  

STOP LOSS: Rs 307

The stock has made a high-bottom formation and is now heading towards the previous peak of Rs 325 and a breakout can be anticipated to reach the target of around Rs 335. The RSI indicator has been on the rise and also with decent volume, we recommend a buy in this stock for an upside target of Rs 335 keeping a stop loss of Rs 307.

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