24 Stock Ideas From Prabhudas Lilladher Showing Strong Positive Trend For Investors

Leading brokerage firm Prabhudas Lilladher has identified 23 stocks that are showing a strong positive trend reversal that investors can buy in its technical research note. The technical analysis of the stocks was done by Vaishali Parekh, the firm's Vice-President (Technical Research). Besides the stock ideas, she has also shared her observations about Nifty and BankNifty.

Observations

As per Praekh's research note, "Nifty after witnessing a gradual slide in the initial half to touch the 18200 zone pulled back quite significantly in the final hours to breach and close above the 18300 levels with sentiment much improved."

"Further, it is observed that the positive close has further enhanced the probability of a crucial breakthrough above the barrier of the 18400 zone which can confirm a directional move ahead for the next targets of 18800-18900 levels. The support for the day is seen at 18200 levels while the resistance is seen at 18450 levels."

She also added in her note that "BankNifty also after taking support near 43400 zone picked up well to end marginally in the green and need to check further whether it can give a breakout above 44200 zone to trigger for fresh upside journey with next targets of 46000-46400 open. BankNifty would have the daily range of 43400-44100 levels."

Stocks Showing Positive Trend

A total of 23 stocks are showing a strong positive trend, which the investors can think of buying now. They are: Apollo Hospitals, Astral, Bajaj Auto, BHEL, Britannia, Eicher Motors, GAIL, Godrej Properties, Havells India, IGL, Indus Tower, IRB Infra, Jubilant Foodworks, Larsen & Toubro, Navin Fluorine International, NCC, Power Grid Corporation Of India, RECL, SRF, Tata Coffee, Tata Consumer, Tata Elxsi and Tata Power.

Buy Berger Paints Stocks

Additionally, the analyst has also suggested the investors to buy the stocks of Berger Paints India, keeping in mind the target price of Rs 690 per share, with a stop loss of Rs 625 per share. However, the latest market price of the stock is Rs 640.25 per share, down by 0.12% on an intraday basis, at the time of writing this piece.

In the last one year, the share price of this company has rallied by 11.23% while over three years, it has moved up by 37.57%.

Disclaimer

The stocks have been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the author or the brokerage house will not be liable for any losses caused as a result of decisions based on the write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.