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Stock recommendations by Vaishali Parekh: Buy Hero MotoCorp, VRL Logistics

The stock of Hero Moto Corp has indicated a reversal from the oversold zone to signal a buy

The stock of VRL Logistics has witnessed a higher bottom formation pattern in the daily chart taking support near 168 levels
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The stock of VRL Logistics has witnessed a higher bottom formation pattern in the daily chart taking support near 168 levels

Vaishali Parekh Mumbai
BUY HERO MOTOCO | CMP: Rs 3,108  | Target: Rs 3,300-3,350 | Stop Loss: Rs 2,950  

The stock has recently witnessed a decent correction and has bottomed near 2,950 levels indicating a pick-up in momentum and trend reversal. The RSI indicator has also indicated a reversal from the oversold zone to signal a buy to make the chart look attractive. We suggest to buy and accumulate this stock for an upside target of Rs 3,300-3,350, keeping the stop loss of Rs 2,950.

BUY VRL LOGISTICS | CMP: Rs 179.35 | Target: Rs 195-210 | Stop Loss: Rs 168  

The stock has