 "Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
BUY SPARC | CMP: Rs 191.35 | Target: Rs 218-225 | Stop Loss: Rs 180
The stock has formed a 'higher bottom' formation on the daily chart, taking support near 190 levels. It has also reversed eralier trend and has picked up momentum with decent volume to improve the bias. The chart looks attractive for further upside movement with the RSI indicator also showing a trend reversal. It is well placed and we, therefore, suggest to buy this stock for the target of Rs 218-225, keeping the stop loss of Rs 180.
BUY INDIAN HOTELS | CMP: Rs 126.95 | Target: Rs 140-145 | Stop Loss: Rs 118
The stock has been in consolidation for quite some time with 122 levels as a strong base and has currently indicated a momentum pick up, coupled with decent volume, to improve the bias. With the RSI indicator indicating a trend reversal, we anticipate further upside movement in the stock. Buy this stock for an upside target of Rs 140-145, keeping the stop loss of Rs 118.
=======================
Disclaimer: The author is an 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%