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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
L&T - BUY
CMP: Rs 1,764.45
TARGET: Rs 1,880
STOP LOSS: Rs 1,700
The stock has been in consolidation phase for quite some time and has taken support near the 1700 levels on several occasions and with a bullish candle formation now, the stock looks attractive for a move in the upward direction. The RSI also has turned positive reversing its trend and with decent volume participation, we recommend a buy in this stock for an upside target of 1880 keeping
L&T - BUY
CMP: Rs 1,764.45
TARGET: Rs 1,880
STOP LOSS: Rs 1,700
The stock has been in consolidation phase for quite some time and has taken support near the 1700 levels on several occasions and with a bullish candle formation now, the stock looks attractive for a move in the upward direction. The RSI also has turned positive reversing its trend and with decent volume participation, we recommend a buy in this stock for an upside target of 1880 keeping
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