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Two trading ideas by Vaishali Parekh of Prabhudas Lilladher

Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days

he stock of Schneider Electric has indicated a 'higher bottom' formation pattern on the daily chart, taking support near the 200-DMA
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he stock of Schneider Electric has indicated a 'higher bottom' formation pattern on the daily chart, taking support near the 200-DMA

Vaishali Parekh Mumbai
BUY CAN FIN HOMES | CMP: Rs 503 | Target: Rs 550 | Stop Loss: Rs 475

The stock has been slowly and steadily picking up momentum with improving bias looking promising for further upside. The RSI also has indicated a trend reversal with potential to rise further in the coming days. We suggest to buy and accumulate this stock for an upside target of Rs 550, keeping the stop loss of Rs 475.

BUY SCHNEIDER ELECT | CMP: Rs 88.30 | Target: Rs 98-100 | Stop Loss: Rs 82

The stock has indicated a 'higher bottom' formation pattern on the daily

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