 "Stock calls by Vaishali Parekh of Prabhudas Lilladher: Buy SBI Life, Cipla")
BUY SBI LIFE | CMP: Rs 938.20 | TARGET: Rs 1,050 - 1,100 | STOP LOSS: Rs 890
The stock has taken support near 900 levels making a higher bottom formation pattern in the daily chart and made the chart look attractive for further upside movement in the coming days. The RSI also indicated a trend reversal to signal a buy and with decent volume participation witnessed. We recommend to buy and accumulate this stock for an upside target of Rs 1,050 - 1,100, keeping the stop loss near Rs 890.
BUY CIPLA | CMP: Rs 447.50 | TARGET: Rs 490 |
