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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
APOLLO TYRES - BUY
CMP: Rs 234.40
TARGET: Rs 255
STOP LOSS: Rs 225
The stock has made a higher bottom formation after giving a decent correction from the peak of 254 levels and the trend has made a reversal to signal a positive bias. The RSI indicator also has indicated a buy signal by reversing it trend. We recommend a Buy in this stock for an upside target of 255 keeping a stop loss of 225.
COFFEE DAY ENTERPRISES -
APOLLO TYRES - BUY
CMP: Rs 234.40
TARGET: Rs 255
STOP LOSS: Rs 225
The stock has made a higher bottom formation after giving a decent correction from the peak of 254 levels and the trend has made a reversal to signal a positive bias. The RSI indicator also has indicated a buy signal by reversing it trend. We recommend a Buy in this stock for an upside target of 255 keeping a stop loss of 225.
COFFEE DAY ENTERPRISES -
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