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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BOMBAY DYEING - BUY
CMP: Rs 85.20
TARGET: Rs 94
STOP LOSS: Rs 78
The stock has been in consolidation for a short duration in the daily chart and now has picked up steam to give a closing breakout above 84.10. The RSI has given a trend reversal signaling a buy whereas the MACD is also on the rise with good volume participation. We recommend a buy in this stock for an upside target of 94 keeping a stop loss of
BOMBAY DYEING - BUY
CMP: Rs 85.20
TARGET: Rs 94
STOP LOSS: Rs 78
The stock has been in consolidation for a short duration in the daily chart and now has picked up steam to give a closing breakout above 84.10. The RSI has given a trend reversal signaling a buy whereas the MACD is also on the rise with good volume participation. We recommend a buy in this stock for an upside target of 94 keeping a stop loss of
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