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

Truman Slate

Obtain PRAJ INDS | CMP: Rs 107.65 | Focus on: Rs one hundred twenty five-one hundred thirty | Halt Decline: Rs 102

The inventory has corrected well and has consolidated in close proximity to one hundred and five stages to maintain a fantastic base with guidance. Presently, we foresee a bounce back again with energy and the potential to rise additional. The RSI has demonstrated indicators of beneficial bias and with fantastic volume participation witnessed, we advise to acquire and accumulate this inventory for an upside goal of one hundred twenty five-one hundred thirty stages maintaining the prevent loss of 102.

Obtain GODREJ Client | CMP: Rs 642.fifteen | Focus on: Rs seven hundred-710 | Halt Decline: Rs 610

The inventory has witnessed a decent erosion recently from the peak of 765 stages and has confirmed indicators of bottoming out at in close proximity to 615 stages with a bounce back again. The RSI has indicated a craze reversal from the very oversold zone to sign a acquire and with the chart hunting eye-catching, we advise to acquire this inventory for an upside goal of seven hundred-710 maintaining the prevent loss of 610.

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