Buy Jubilant Foodworks, Century Textiles, says Prabhudas Lilladher

STOCK MARKET - Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

CENTURY TEXTILES - BUY      
CMP: Rs 1,281.05    
TARGET: Rs 1,385    
STOP LOSS: Rs 1,200
The stock has been on a good run with steady and gradual rise in the past 2 months and now it has given a closing breakout above the previous peak level of 1220 to signify strength and potential to rise further upward. The RSI has been on a strong trend and also the MACD is on the rise with good decent volume participation. We recommend a buy in this stock for an upside target of 1385 keeping a stop loss of 1200

JUBILANT FOODWORKS - BUY      
CMP: Rs 1,330.80    
TARGET: Rs 1,450    
STOP LOSS: Rs 1,250
The stock has been in consolidation phase for quite some time moving in a very narrow range and now it has produced a positive candle pattern in the daily chart closing above the previous highest closing of 1325. The RSI has indicated a trend reversal to signal a buy and we anticipate this stock to rise further high to reach new targets. With good volume activity going on, we recommend a buy in this stock for an upside target of 1450 keeping a stop loss of 1250.

GET LIVE UPDATES ON MARKET