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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY RUCHIRA PAPERS
CMP: Rs 169
TARGET: Rs 182
STOP LOSS: Rs 162
The stock has been consolidating for quite a long time with a strong support at around Rs 162 and now it has made a positive candle pattern with a high volume. The RSI indicator has also made a trend reversal with a buy signal. We recommend this stock to buy for an upside target of Rs 182 keeping a stop loss of Rs 162.
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