Stock Recommendation

Market is in range now so it's time to pickup the stocks which correcting from their highs and have potential to do well in next breakout.

I would go for two such stocks,
1). OBC Bank : Oriental Bank of Commerce
This stock is excellent pick amonst banking sector. Stock has corrected almost 10% in just 2 days and today it's likely to form some base and start moving upwards in next couple of weeks.
I recommend buy for the stock from the short to medium term.
Current Price :- 249.20 Rs
Target Price:- 271-275 Rs.
Stop Loss : 236 Rs.

From the medium to long term target could be 291-305 Rs.
2). IDBI Bank :
It's one the best pick amonst MID-CAP PSU Banks. It's having excellent track record.
Stock has correct almost 9-10% after touching 52 week high as some of the PSU bank stocks have corrected. As per the pattern created by IDBI, it's making higher top and higher bottom.
It's likely to cross it's highs and expected to give 12-15% in near term.
I recommend buy for the stock from short to medium term.
Current Price: 129 Rs.
Target Price : 142-146 Rs.
Stop Loss : 116 Rs.

Medium to long term stock could go upto 155-165 Rs.

Hope this Swing Trading idea will help you in better trading.

I'll come up with some more gems !!