Idea
Current price: Rs 76
Target price: Rs 79

The scrip seems to have made an upwards breakout on high volumes. It has the momentum to touch Rs 79-80 on the upside. Keep a stop at Rs 74.5 and go long. Increase the position between Rs 76.5 and Rs 77.5. Start booking profits above Rs 79. If the stop loss breaks at Rs 74.5, the scrip could drop to Rs 71.5.

BSE  |  NSE Price

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The stock is testing resistance at the current level on good volume action. Keep a stop at Rs 2,880 and go long. Increase the position between Rs 2905 and Rs 2,915. There's a good chance that the scrip will move till Rs 2,950 today and it could just go further. Start taking profits above the Rs 2,945 mark.

Praj Ind
Current price: Rs 78.5
Target price: Rs 83

The stock generated huge volumes in what seems to be a strong recovery from a recent low of Rs 73. It has the potential to move till around Rs 83 if the volume trend is sustained. Keep a stop at Rs 76.5 and go long. Increase the position between Rs 80 and Rs 81. Start booking profits above Rs 82.5.

(The target price and projected movements given above are in terms of the next one trading session unless otherwise stated)

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