Top two trading calls for today's trade by Prabhudas Liladher

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

BPCL 

CMP: Rs 742 
Stop loss: Rs 700 
Target: Rs 800

BPCL is in a strong uptrend, making a higher top-higher bottom formation on daily chart and now with all positive indicators, the stock is ready for new projected target of Rs 800. We recommend this stock for a Buy keeping a stop loss of Rs 700 for an upside target of Rs 800.

TATA MOTORS DVR 

CMP: Rs 287 
Stop loss: Rs 275 
Target: Rs 315

After making a bottom at Rs 256, this stock has now got into a trend and ADX is also on the rise indicating strength to further up move. We recommend this stock for a Buy keeping a stop loss of Rs 275 for an upside target of Rs 315.

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


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel