Buy Ceat and DHFL, says Vaishali Parekh of Prabhudas Lilladher

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

Buy Ceat 

CMP: 1230
Stoploss: Rs 1150 
Target: Rs 1280-1300

The stock on daily chart is in process of higher bottom formation after taking support of 200-DMA, with rise in volume and rising RSI. This stock needs to cross Rs 1,245 decisively for higher targets of Rs 1280-1300. We recommend a BUY on the stock.

Buy Dewan Housing Finance Corporation 

CMP: Rs 343 
Stoploss: Rs 330 
Target: Rs 360-365

DHFL is already in a strong trend, and now has crossed the all time high of Rs 339 with higher volume. A close above this indicates further strength for higher targets of Rs 360-365. We recommend a buy now and in decline near Rs 330 with stoploss of Rs 325.

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

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