Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on




BUY | CMP: Rs 2,505.15 | Target: Rs 2,750-2,800 | Stop loss: Rs 2,360


The stock has witnessed a decent correction from the peak of 2,870 and recently has bottomed out near 2,260 levels and gradually has picked up on the daily chart. The chart looks attractive with the RSI also improving the bias and indicating strength for further upside move in the coming days. We suggest to buy and accumulate this stock for an upside target of 2,750-2,800 keeping the stop loss of 2,250.



BUY | CMP: Rs 710.25 | Target: Rs 800-830 | Stop loss: Rs 650


The stock has witnessed a decent correction from the peak of 808 and recently has bottomed out near 640 levels and currently has picked up in the daily chart moving past the 200DMA and 50EMA moving averages to improve the trend. The chart looks attractive with the RSI also improving the bias and indicating strength for further upside move in the coming days. We suggest to buy and accumulate this stock for an upside target of 800-830 keeping the stop loss of 650.



Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link