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Technical calls: Buy SCI, Indiabulls Housing and Jubilant Life

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Few trading ideas by Vaishali Parekh, Research Analyst – Technical Research at Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst – Technical Research at Prabhudas Lilladher:


BUY  INDIABULLS HOUSING FINANCE

  

CMP : Rs 1106 

TARGET : Rs 1180  

STOP LOSS: Rs 1060


The stock is in a trending mode and with good volume participation, it has rallied to scale new heights. We anticipate this stock to reach Rs 1170-1180 and with all indicators in favourable condition, we recommend a buy in this stock for an upside target of Rs 1180, keeping a stop loss of Rs 1060.


BUY  SHIPPING CORPORATION 

   

CMP : Rs 79.90   

TARGET: Rs 85  

STOPLOSS: Rs 76


The stock has made a higher-bottom pattern and is in an upward trend with the RSI indicator turning positive signaling a buy. We recommend a buy in this stock for an upside target of Rs 85 keeping a stop loss of Rs 76.


BUY  JUBILANT LIFE SCIENCES 

  

CMP: Rs 762.60   

TARGET: Rs 830  

STOPLOSS:  Rs 730


The stock has a good support at around Rs 725-730 levels and has given a positive candle pattern reversing its down trend. The RSI indicator also has turned its trend and signaled a buy after hitting the oversold area around Rs 33. We recommend a Buy in this stock keeping a stop loss of Rs 730 for an upside target of Rs 830.


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

Technical calls: Buy SCI, Indiabulls Housing and Jubilant Life

Few trading ideas by Vaishali Parekh, Research Analyst – Technical Research at Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst – Technical Research at Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst – Technical Research at Prabhudas Lilladher:


BUY  INDIABULLS HOUSING FINANCE

  

CMP : Rs 1106 

TARGET : Rs 1180  

STOP LOSS: Rs 1060


The stock is in a trending mode and with good volume participation, it has rallied to scale new heights. We anticipate this stock to reach Rs 1170-1180 and with all indicators in favourable condition, we recommend a buy in this stock for an upside target of Rs 1180, keeping a stop loss of Rs 1060.


BUY  SHIPPING CORPORATION 

   

CMP : Rs 79.90   

TARGET: Rs 85  

STOPLOSS: Rs 76


The stock has made a higher-bottom pattern and is in an upward trend with the RSI indicator turning positive signaling a buy. We recommend a buy in this stock for an upside target of Rs 85 keeping a stop loss of Rs 76.


BUY  JUBILANT LIFE SCIENCES 

  

CMP: Rs 762.60   

TARGET: Rs 830  

STOPLOSS:  Rs 730


The stock has a good support at around Rs 725-730 levels and has given a positive candle pattern reversing its down trend. The RSI indicator also has turned its trend and signaled a buy after hitting the oversold area around Rs 33. We recommend a Buy in this stock keeping a stop loss of Rs 730 for an upside target of Rs 830.


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

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Vaishali Parekh

Business Standard

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