 "Stock recommendations by Vaishali Parekh: Buy Hero MotoCorp, VRL Logistics")
BUY HERO MOTOCO | CMP: Rs 3,108 | Target: Rs 3,300-3,350 | Stop Loss: Rs 2,950
The stock has recently witnessed a decent correction and has bottomed near 2,950 levels indicating a pick-up in momentum and trend reversal. The RSI indicator has also indicated a reversal from the oversold zone to signal a buy to make the chart look attractive. We suggest to buy and accumulate this stock for an upside target of Rs 3,300-3,350, keeping the stop loss of Rs 2,950.
BUY VRL LOGISTICS | CMP: Rs 179.35 | Target: Rs 195-210 | Stop Loss: Rs 168
The stock has witnessed a higher bottom formation pattern in the daily chart taking support near 168 levels and indicating a momentum pick up to improve the bias and reverse the trend. The RSI indicator has also indicated a reversal to signal a buy to make the chart look attractive. We suggest to buy and accumulate this stock for an upside target of Rs 195-210, keeping the stop loss of Rs 168.
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Disclaimer: The author is an analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.
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