Stock recommendation from Prabhudas Lilladher: Buy TVS Motor, CESC

Volume in CESC has been attractive and the RSI is also recovering from the lows, showing a trend reversal and improvement in bias

BUY TVS MOTOR | CMP: Rs 484.20 | TARGET: Rs 530 | STOP LOSS: Rs 460

The stock has given a breakout indication above the previous peak of 481 to signal a fresh upward movement in the near term and with the RSI on the rise, the bias for further upside movement in the coming days has improved. The chart looks attractive with the possibility of upward movement and with good volume participation witnessed, we suggest to buy and accumulate this stock for an upside target of Rs 530 keeping the stop loss of Rs 460.

BUY CESC | CMP: Rs 750.25