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Stock suggestions by Vaishali Parekh: Buy Reliance Industries, Tata Motors

The stock of Reliance Industries (RIL) has recently corrected well and now has shown signs of bottoming out near 2,000 levels

Topics
Stock calls | Market technicals | Markets

Vaishali Parekh  |  Mumbai 

The Tata Motors stock has made a decent base near 125 level and has currently improved the bias with momentum pick up
The Tata Motors stock has made a decent base near 125 level and has currently improved the bias with momentum pick up

BUY TATA MOTORS | CMP: Rs 132.65 | Target: Rs 145-148 | Stop Loss: Rs 125

The stock has made a decent base near 125 level and has currently improved the bias with momentum pick up. The RSI indicator is also indicating a reversal, making the chart look attractive. With the stock in a rising trend, we anticipate a decent rally in the coming days and suggest to buy and accumulate this stock for an upside target of Rs 145-148 levels, keeping the stop loss of Rs 125.

BUY RELIANCE INDS | CMP: Rs 2,054 | Target: Rs 2,400-2,500 | Stop Loss: Rs 1,800

The stock has recently corrected well and now has shown signs of bottoming out near 2,000 levels. It has also witnessed momentum pick up to improve the bias.

The RSI indicator has flattened to indicate bottoming out pattern and we anticipate further upward move in coming days. We suggest to buy and accumulate this stock for an upside target of Rs 2,400-2,500, keeping the stop loss of Rs 1,800. ========================= Disclaimer: The author is an analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.

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First Published: Mon, November 02 2020. 08:13 IST
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