Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY DHFL
CMP: Rs 430.75
TARGET: Rs 460
STOP LOSS: Rs 415
The stock has been consolidating around Rs 415 for quite some time and has given a bullish candle pattern with decent volume participation. The RSI indicator has reversed its trend and has indicated a buy signal along with the MACD. We recommend a buy in this stock for an upside target of Rs 460 keeping a stop loss of Rs 415.
BUY JAIN IRRIGATION
CMP: Rs 103.75