Here's why Mehul Kothari recommends buying Hikal, Jindal Saw

According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels

BUY HIKAL
TARGET: Rs 575
STOP LOSS: Rs 508

HIKAL has been trading with positive biasness for the past couple of trading sessions and is currently placed above the mean of the Bollinger band (20, 2) suggesting inherent strength. Even on the daily time frame, the stock is hovering near the cluster of exponential moving averages suggesting nearby support. Also on the oscillator front, 14-period RSI has seen positive crossover and has headed northwards affirming the bullish stance in the counter.

BUY JINDALSAW
TARGET: Rs 116
STOP LOSS: Rs 96

JINDALSAW has seen a strong resurgence in