Stock calls by Nilesh Jain of Anand Rathi: Buy Pidilite, Godrej Industries

Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart

BUY DIVISLAB | TARGET: Rs 3,720 | STOP LOSS: Rs 3,480

The stock has formed a hammer candle on the daily chart, which is considered as a bullish reversal pattern. The momentum indicators and oscillators have reached the oversold territory on the daily chart. It also reached the lower band of the Bollinger band which is likely to act as immediate support. Based on the above rationale, we can expect a strong pullback in the counter.

BUY PIDILITIND | TARGET: Rs 1,820 | STOP LOSS: Rs 1,730

The stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on