Here are a few stocks for trade today from Geojit BNP Paribas Financial Services;
Welspun Corp
Action: BUY
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Targets : Rs 78.40 / Rs 80
Stop-loss : Rs 75.50
Comment : The reversal that started from around Rs 70 is still intact. The momentum indicators are supporting continuation of uptrend.
Godrej Consumer Products
Action: BUY on dips
Targets : Rs 1554 / Rs 1571
Stop-loss : Rs 1498
Comment : The stock has been consolidating around Rs 1490 mark and seems to have broken out of the trading range. The momentum indicators like RSI and Stochastics are favoring further uptrend.
ICICI Bank
Action : SELL
Targets : Rs 234.8 / Rs 232
Stop-loss : Rs 243
Comment : The stock has on a downside for couple of days now and the recent attempt to reverse the direction also didn't work out. The MACD has crossed the signal line from
above hinting at more downside.
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