Top trading ideas by technical analysts (PCG desk) at HDFC Securities:
Buy Jain Irrigation
CMP: Rs 109.35
STOP LOSS: Rs 102
TARGET: Rs 123
Stock has been forming higher top and higher bottom on the charts. Stock price is currently trading above its 10, 20, 100 and 200 DMA, indicating short to medium term bullish trend. Oscillators like MACD and DMI on the short to medium term charts have been showing strength. On the derivative front stock has seen long buildup in the current July series. Considering the technical evidences discussed above we recommend buying the stock between
Buy Jain Irrigation
CMP: Rs 109.35
STOP LOSS: Rs 102
TARGET: Rs 123
Stock has been forming higher top and higher bottom on the charts. Stock price is currently trading above its 10, 20, 100 and 200 DMA, indicating short to medium term bullish trend. Oscillators like MACD and DMI on the short to medium term charts have been showing strength. On the derivative front stock has seen long buildup in the current July series. Considering the technical evidences discussed above we recommend buying the stock between