Web Exclusive
Trading ideas by Vaishali Parekh: Buy Cochin Shipyard, Graphite India

The stock of Graphite India has bottomed out near 165 levels and has given a breakout indication above the triangle pattern to signify strength
BUY COCHIN SHIPYARD | CMP: Rs 331.85 | Target: Rs 375-385 | Stop Loss: Rs 320

The stock has maintained a strong bottom near 320 levels and has given a bullish positive candle to imply strength. It has the potential to carry on the momentum further in the coming days. The RSI also has indicated a trend reversal and is in a strong bias. We suggest to buy and accumulate this stock for an upside target of Rs 375-385 levels, keeping the stop loss of Rs 320.

BUY GRAPHITE | CMP: Rs 186.15 | Target: Rs 225-235 | Stop Loss: Rs 165

The stock has bottomed out near 165 levels and has given a breakout indication above the triangle pattern to signify strength. It has the potential to rise further in the coming days. The RSI also is on the rise to indicate a strong bias. With the chart looking good on the technical parameters, we suggest to buy and accumulate this stock for an upside target of Rs 210-220 levels, keeping the stop loss of Rs 165.

======================================

Disclaimer: The author is an analyst with Prabhudas Lilladher and may have position in one or all of the above mentioned stocks. Views are personal.



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