Buy Atul Auto, Hindalco, Cox & Kings, says Prabhudas Liladher

 

market flat, sensex, bse, nse, nifty, stock

  Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

 

BUY ATUL AUTO

CMP: Rs 424

Stoploss: Rs 390

Target: Rs 450-480

This stock has corrected from 500 levels and made a triple bottom at Rs 400. Now with RSI showing signs of improvement in volume, this stock is ready to bounce back to Rs 450-480. We recommend a buy.

BUY HINDALCO

CMP: Rs 198

Stoploss: Rs 190

Target: Rs 215

Hindalco is already in strong trend and has got in to new round of momentum. A decisive move above Rs 200 takes it to a new price horizon of Rs 215.

BUY COX & KINGS

CMP: Rs 208

Stoploss: Rs 195

Target: Rs 228

Cox & Kings has crossed the near term resistance of Rs 203 with rising RSI, positive MACD & higher volume. This favors an upmove to next target levels of Rs 228.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.