 "Top trading calls from Chandan Taparia of Anand Rathi")
HINDUSTAN UNILEVER: BUY
Target: Rs 832
Stop Loss: Rs 782
VOLTAS: BUY
Target: Rs 305
Stop Loss: Rs 282
It crossed the hurdle of Rs 288-290 levels after the struggle of last forty trading sessions and also gave the highest daily close since 21st August, 2015. It is now set to continue the momentum and rally towards Rs 305 and higher levels. It has been making higher top – higher bottom formation from last five weeks. So recommending buying the stock with the stop loss of Rs 282 for the upside target of Rs 305 levels.
LIC HOUSING FINANCE: BUY
Target: Rs 500
Stop Loss: Rs 471
It has been consolidating in a range from last 14 trading sessions and has managed to hold the support base at Rs 471- 472 zones. The stock is not ready to give up even after sustain supply at higher levels which clearly indicates inherent strength of the counter. Looking at the price pattern and over all data we are recommending buying the stock with the strict stop loss of Rs 471 for the upside target of Rs 500 levels.
AMBUJA CEMENTS: SELL
Target: Rs 202
Stop Loss: Rs 215.50
It failed to surpass the immediate hurdle of Rs 215 in the previous week and started to decline with built up of short and liquidation of long position. The stock has dull price behavior and witnesses selling pressure at every small bounce back. We are expecting this behavior to continue which may drag it to Rs 202-200 levels. So, one can sell the stock with the stop loss of Rs 215.50 for the downside target of Rs 202 levels.
Disclaimer : We are suggesting all these stocks to our clients but no personal holdings
Chandan Taparia is a technical analyst with Anand Rathi Retail Research
Target: Rs 832
Stop Loss: Rs 782
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It is turning from the lower levels after taking multiple supports near Rs 778-780 zones. It gave breakout from the consolidation of last six trading sessions and crossed and closed above the hurdle of Rs 805 levels. It is well placed to cross the falling supply trend line and head towards its 50 DMA. So recommending buying the stock with the stop loss of Rs 782 for the upside target of Rs 832 levels.
VOLTAS: BUY
Target: Rs 305
Stop Loss: Rs 282
It crossed the hurdle of Rs 288-290 levels after the struggle of last forty trading sessions and also gave the highest daily close since 21st August, 2015. It is now set to continue the momentum and rally towards Rs 305 and higher levels. It has been making higher top – higher bottom formation from last five weeks. So recommending buying the stock with the stop loss of Rs 282 for the upside target of Rs 305 levels.
LIC HOUSING FINANCE: BUY
Target: Rs 500
Stop Loss: Rs 471
It has been consolidating in a range from last 14 trading sessions and has managed to hold the support base at Rs 471- 472 zones. The stock is not ready to give up even after sustain supply at higher levels which clearly indicates inherent strength of the counter. Looking at the price pattern and over all data we are recommending buying the stock with the strict stop loss of Rs 471 for the upside target of Rs 500 levels.
AMBUJA CEMENTS: SELL
Target: Rs 202
Stop Loss: Rs 215.50
It failed to surpass the immediate hurdle of Rs 215 in the previous week and started to decline with built up of short and liquidation of long position. The stock has dull price behavior and witnesses selling pressure at every small bounce back. We are expecting this behavior to continue which may drag it to Rs 202-200 levels. So, one can sell the stock with the stop loss of Rs 215.50 for the downside target of Rs 202 levels.
Disclaimer : We are suggesting all these stocks to our clients but no personal holdings
Chandan Taparia is a technical analyst with Anand Rathi Retail Research