Stock picks by Vaishali Parekh: Buy Hindustan Unilever, Divis Labs

The stock of Divis Labs has witnessed some correction and has showed signs of bottoming out near 2140 levels. The RSI is showing a trend reversal from the oversold zone to signal a buy

BUY HINDUSTAN UNILEVER | CMP: Rs 2,223  | TARGET: Rs 2,500 | STOP LOSS: Rs 2,100

After the short consolidation phase, the stock has given a breakout above the 2200 level with a bullish candle pattern in the daily chart. This signifies further upward movement with a positive bias in the coming days. The RSI also has indicated a trend reversal to signal a buy and with the chart looking attractive. We suggest to buy and accumulate the stock for an upside target of Rs 2,500 keeping the stop loss of Rs 2,100.

BUY DIVIS LAB | CMP: Rs 2,203  | TARGET: