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Trading concepts by Prabhudas Lilladher: Buy Praj Industries, Godrej Consumer

BUY PRAJ INDS | CMP: Rs 107.65 | TARGET: Rs 125-130 | STOP LOSS: Rs 102

The inventory has corrected nicely and has consolidated close to 105 ranges to keep up an excellent base with assist. Currently, we anticipate a bounce again with energy and the potential to rise additional. The RSI has proven indicators of optimistic bias and with good quantity participation witnessed, we propose to purchase and accumulate this inventory for an upside goal of 125-130 ranges conserving the cease lack of 102.

BUY | CMP: Rs 642.15 | TARGET: Rs 700-710 | STOP LOSS: Rs 610

The inventory has witnessed an honest erosion lately from the height of 765 ranges and has confirmed indicators of bottoming out at close to 615 ranges with a bounce again. The RSI has indicated a pattern reversal from the extremely oversold zone to sign a purchase and with the chart trying enticing, we propose to purchase this inventory for an upside goal of 700-710 conserving the cease lack of 610.

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