Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY HIKAL
CMP: Rs 217.9
SL: Rs 210
TARGET: Rs 240
HIKAL after taking support at Rs 200, now is gradually getting in trend moving past the previous high. It is also making a higher-bottom formation. We recommend a BUY.
Buy HERO MOTOCORP
CMP: Rs 3203
SL: Rs 3100
TRGT: Rs 3500
HERO MOTO is currently at a good support on cluster of moving averages, also from a low of Rs 2850, the stock is making higher-bottom on daily chart. The risk reward ratio at these levels is favorable for a Buy trade.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
