 "Two stock recommendations by Vaishali Parekh: Buy Bata, Wockhardt")
BUY WOCKHARDT | CMP: Rs 572 | Target: Rs 640-670 | Stop Loss: Rs 520
After a decent correction from the peak level, the stock has bottomed out near Rs 520 zone. Now, a short consolidation has improved the bias with a positive candle. The RSI is well placed and has shown a trend reversal with the potential to rise further in the coming days. With the chart looking good, we suggest buying this stock for an upside target of Rs 640, keeping the stop loss of Rs 520. CLICK HERE FOR CHART
BUY BATA | CMP: Rs 1,618 | Target: Rs 1,750-1,800 | Stop Loss: Rs 1,550
The stock has indicated a higher bottom formation pattern on the daily chart, taking support near the significant 50DMA level at Rs 1,550. The RSI is indicating a trend reversal and signalling a buy anticipating further upmove. Currently, a positive candle has shown bullish bias making the chart look attractive. We suggest buying and accumulating this stock for an upside target of Rs 1,750-1,800. Keep the stop loss near Rs 1,550 level. CLICK HERE FOR CHART
=======================================
Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.
After a decent correction from the peak level, the stock has bottomed out near Rs 520 zone. Now, a short consolidation has improved the bias with a positive candle. The RSI is well placed and has shown a trend reversal with the potential to rise further in the coming days. With the chart looking good, we suggest buying this stock for an upside target of Rs 640, keeping the stop loss of Rs 520. CLICK HERE FOR CHART
BUY BATA | CMP: Rs 1,618 | Target: Rs 1,750-1,800 | Stop Loss: Rs 1,550
The stock has indicated a higher bottom formation pattern on the daily chart, taking support near the significant 50DMA level at Rs 1,550. The RSI is indicating a trend reversal and signalling a buy anticipating further upmove. Currently, a positive candle has shown bullish bias making the chart look attractive. We suggest buying and accumulating this stock for an upside target of Rs 1,750-1,800. Keep the stop loss near Rs 1,550 level. CLICK HERE FOR CHART
=======================================
Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%