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

Buy PRAJ INDS | CMP: Rs 107.65 | Focus on: Rs one hundred twenty five-one hundred thirty | Prevent Loss: Rs 102

The stock has corrected well and has consolidated close to one hundred and five concentrations to retain a very good base with aid. Presently, we foresee a bounce back again with strength and the possible to increase further more. The RSI has shown symptoms of favourable bias and with very good volume participation witnessed, we recommend to obtain and accumulate this stock for an upside goal of one hundred twenty five-one hundred thirty concentrations preserving the quit loss of 102.

Buy GODREJ Customer | CMP: Rs 642.fifteen | Focus on: Rs seven hundred-710 | Prevent Loss: Rs 610

The stock has witnessed a decent erosion just lately from the peak of 765 concentrations and has showed symptoms of bottoming out at close to 615 concentrations with a bounce back again. The RSI has indicated a development reversal from the really oversold zone to sign a obtain and with the chart hunting beautiful, we recommend to obtain this stock for an upside goal of seven hundred-710 preserving the quit loss of 610.

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