Technical Calls from Prabhudas Lilladher: Buy Oberoi Realty, HCL Infosystem

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:

GOKALDAS EXPORTS - BUY     

CMP: Rs 98.90      
TARGET: Rs 115      
STOP LOSS: Rs 90

The stock has been moving in a range bound zone between 92 and 75 levels and now it has given a breakout closing above the peak of 92 level. The stock has gathered tremendous momentum with high volume participation and also with the RSI on the rise and MACD signaling a positive trend reversal, we recommend a buy in this stock for an upside target of 115 keeping a stop loss of 90.

HCL INFOSYSTEMS - BUY      
CMP: Rs 48.10       
TARGET: Rs 55    
STOP LOSS: Rs 44.50

The stock has given a decent correction from the high level of 61 to bottom out at 44 and is on a recovery path with good volume participation. The stock has made a hockey stick like pattern in the daily chart and with RSI on the rise and MACD also in the positive mode, we recommend a buy in the stock for an upside target of 55 keeping a stop loss of 44.50.

OBEROI REALTY - BUY      
CMP: Rs 382.35      
TARGET: Rs 418    
STOP LOSS: Rs 360                    

The stock has corrected recently from 416 levels to take support at the 200 DMA level which was at around 335 levels and from thereon has given a pullback rally to recover significantly. We anticipate the stock to rise still further and scale the previous peak level of around 418 and with rising RSI and MACD indicating a positive trend reversal, we recommend a buy in this stock for an upside target of 418 keeping a stop loss of 360.

Reference - http://www.business-standard.com/article/markets/technical-calls-from-prabhudas-lilladher-buy-oberoi-realty-hcl-infosystem-117071000104_1.html