Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Tata Communications
CMP: Rs 705
Stoploss: Rs 660
Target: Rs 740-780
Tata Communications has made double bottom pattern at Rs 640 with a positive diversion on RSI daily chart. The volume is also very high. The stock looks bullish to buy now and in decline for a positional target of Rs 740 and 780.
Heidelberg Cement
CMP: Rs 130
Stoploss: Rs 120
Target: Rs 150
Heidelberg, after correcting from Rs 140 to Rs 118, has once again bounced back and now is trading above a cluster of moving averages, ready for next upmove for