Stocks in Focus

PRAJ INDUSTRIES: BUY

Stop Loss: Rs 80

Target: Rs 92

It gave an upside breakout near to Rs 73 levels in the month of June and rallied towards Rs 117 levels but recently it has corrected in last six weeks and now again turning from the support zones of Rs 73 levels. It is a classical example of resistance becoming support and stock can head towards recent high levels. It has negated its immediate pattern of lower top - lower bottom formation. Thus looks attractive in terms of risk reward ratio. One can buy the stock with stop loss of Rs 80 for the upside target of Rs 92 levels.

BANK OF BARODA: BUY

Stop Loss: Rs 180

Target: Rs 196

It has negated the immediate negative pattern of making lower highs- lower lows and is turning from the lower band of the range. It is moving after taking support at its 35 DMA and showing the potential to regain its long term trend of making higher top higher bottom formation. One can buy the stock with stop loss of Rs 179 for the upside target of Rs 196 levels.

LIC HOUSING FINANCE: BUY

Stop Loss: Rs 430

Target: Rs 470

It has been witnessing short covering activities as it is moving after the resent correction of last couple of trading sessions. It looks attractive in terms of risk reward ratio. So we are recommending to buy the stock with stop loss of Rs 430 for the upside immediate target of Rs 470 levels.

ARVIND: BUY

Stop Loss: Rs 260

Target: Rs 285

It is showing the potential to bounce back from the lower levels as it has taken multiple support bases and moving with rising volumes. It looks attractive in terms of risk reward ratio as there is lot of room for upside move. One can buy the stock on small decline with stop loss of Rs 255 for the upside target of Rs 280 levels.

MAN INDUSTRIES: BUY

Stop Loss: Rs 95

Target: Rs.110

Support at 102.80 below 101. Resistance is at 106 above 108. 

IFB AGRO: BUY

Stop Loss: Rs 308

Target: Rs.335

Support at 310 below 308. Resistance is at 318 above 321.50. 

DOLPHIN OFFSHORE: BUY

Stop Loss: Rs 100

Target: Rs.120.00

Support at 101 below 99. Resistance is at 106 above 107.30. 

EVEREADY INDUSTRIES: BUY

Stop Loss: Rs 280

Target: Rs.305-310

Support at 275 below 273. Resistance is at 285 above 292. 

D LINK: BUY

Stop Loss: Rs 175

Target: Rs.190.00

Support at 175 below 172. Resistance is at 180 above 184 and more.