Stock recommendation from Prabhudas Lilladher: Buy Dr Reddy's, GAIL

The stock of Dr. Reddy's has been on a gradual rise with positive indicators supporting the momentum and currently has given a breakout above the previous peak of 3,000

BUY GAIL | CMP: Rs 127.80 | TARGET: Rs 140 | STOP LOSS: Rs 121 

The stock has made a higher bottom formation pattern in the daily chart taking support near 122 levels which is where the 50DMA moving average lies and has indicated a bullish candle to imply strength and the potential to rise further in the coming days. The chart looks promising, so, we suggest to buy and accumulate this stock for an upside target of Rs 140 keeping the stop loss near 121 levels.

BUY  DR. REDDY'S | CMP: Rs 3,059.60 | TARGET: Rs 3,350 | STOP LOSS: Rs