 "Vaishali Parekh is bullish on Piramal Enterprises, Escorts. Check why")
BUY ESCORTS LTD | CMP: Rs 1,162 | Target: Rs 1,350-1,380 | Stop Loss: Rs 1,100
The stock has maintained a good base near 1,100 level and is currently picking up momentum after a good consolidation phase to improve the bias. The RSI has also indicated strength with a trend reversal to make the chart look attractive with potential upside scope in the coming days. We suggest to buy and accumulate this stock for an upside target of 1,350 keeping the stop loss of 1,100. READ MORE
BUY PEL | CMP: Rs 1,785 | Target: Rs 2,000 | Stop Loss: Rs 1,640
The stock has made a double bottom formation near 1,600 levels and has picked up gradually to improve the bias. It is currently moving decisively past the 50EMA level of 1,715, with a positive candle pattern, indicating strength with potential to rise further. The RSI also has been on the rise indicating strength we suggest to buy this stock for an upside target of 2,000 keeping the stop loss of 1,640. READ MORE
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%