 "Sensex, Nifty gain 2.5% on the back of huge foreign inflow, hope of reforms getting speedier.")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY JAIN IRRIGATION
CMP: Rs 108.90
TARGET: Rs 122
STOP LOSS: Rs 100
The stock after correcting from the peak level of around Rs 120 has bottomed out at Rs 82.50 and has recovered strongly to make a V-shaped pattern. We anticipate the stock to still move further to scale the level of around Rs 122 and with RSI and MACD on the rise with decent volume participation, we recommend a buy in this stock for an upside target of Rs
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