 "Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
BUY ASIAN PAINTS | 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 GODREJ CONSUMER | 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.
Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.
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