 "Two bank stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
BUY FEDERAL BANK | CMP: Rs 55.90 | TARGET: Rs 65-70 | STOP LOSS: Rs 50
The stock has been in a gradual rising trend, bottoming out near 51 levels. It has picked up momentum to improve the bias and with the RSI indicator indicating a trend reversal, it is well placed and has potential to rise further. We suggest to buy and accumulate this stock for an upside target of Rs 65-70 levels, keeping the stop loss of Rs 50.
BUY BANDHAN BANK | CMP: Rs 292.10 | TARGET: Rs 350-365 | STOP LOSS: Rs 275
The stock has witnessed a decent correction and has bottomed-out near 280 levels. With improving bias and momentum picking up, it has made the chart look very attractive. The RSI indicator also indicates a trend reversal from the oversold zone and is well placed. We suggest to buy and accumulate this stock for an upside target of Rs 350-365 levels, keeping the stop loss of Rs 275.
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Disclaimer: The author is an analyst with Prabhudas Lilladher. Views are personal.
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