Trading ideas by Prabhudas Lilladher: Buy Praj Industries, Godrej Consumer

Jannie Delucca

Get PRAJ INDS | CMP: Rs 107.65 | Focus on: Rs one hundred twenty five-a hundred thirty | Prevent Reduction: Rs 102

The inventory has corrected very well and has consolidated in the vicinity of a hundred and five degrees to keep a excellent foundation with help. Currently, we foresee a bounce again with strength and the prospective to increase even further. The RSI has demonstrated indicators of positive bias and with excellent quantity participation witnessed, we advise to obtain and accumulate this inventory for an upside target of one hundred twenty five-a hundred thirty degrees trying to keep the stop reduction of 102.

Get GODREJ Shopper | CMP: Rs 642.fifteen | Focus on: Rs 700-710 | Prevent Reduction: Rs 610

The inventory has witnessed a good erosion not too long ago from the peak of 765 degrees and has showed indicators of bottoming out at in the vicinity of 615 degrees with a bounce again. The RSI has indicated a pattern reversal from the remarkably oversold zone to signal a obtain and with the chart on the lookout beautiful, we advise to obtain this inventory for an upside target of 700-710 trying to keep the stop reduction of 610.

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