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Top technical picks for today's trade from Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

Consumer stocks’ valuation at new high
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Vaishali Parekh Mumbai
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

BUY SHRIRAM TRANSPORT FINANCE    

CMP: Rs 998.15        
TARGET: Rs 1200      
STOP LOSS: Rs 960

The stock has again consolidated at around Rs 965, which is a strong support. At regular intervals, it has gathered momentum from these levels. The stock has made a positive bullish candle pattern in the daily chart and also the RSI indicator has reversed its trend signaling a buy with a positive bias. We recommend a buy in this stock for an upside target of Rs

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