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HDFC, RITES: Stock picks by Vaishali Parekh of Prabhudas Lilladher

We anticipate for further upside movement in the coming days in HDFC and RITES stocks

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Vaishali Parekh Mumbai
BUY HDFC | CMP: Rs 2,497 | TARGET: Rs 2,800-2,850 | STOP LOSS: Rs 2,350

The stock has maintained a good support near 2,370 levels and has been consolidating for quite some time with gradual improvement in the bias. We anticipate for further upside movement in the coming days. The RSI is also indicating a trend reversal and is showing strength for further upside move. We suggest to buy and accumulate this stock for an upside target of 2,800-2,850 keeping the stop loss of 2,350. CLICK HERE FOR THE CHART

BUY RITES | CMP: Rs 239 |