Three large-cap stock ideas by Ajit Mishra of Religare Broking

We're seeing noticeable traction in the auto space and Hero Moto is also finally resuming the uptrend, Mishra said

Hero MotoCorp Limited
 

Recommendation: Buy

Last Close: Rs 2916.65

Initiation range: Rs 2900-2910

Target: Rs 3050

Stop loss: Rs 2830

We’re seeing noticeable traction in the auto space and Hero Moto is also finally resuming the uptrend. It has formed a strong base around the Rs 2,800 level while holding above the support zone of medium-term moving average (100 EMA) on the weekly chart. Traders shouldn’t miss this opportunity and create fresh longs in the mentioned zone.

Havells India Limited
 

Recommendation: Buy

Last Close: Rs 1420.25

Initiation range: Rs 1410-1420

Target: Rs 1500

Stop loss: Rs 1380

HAVELLS has formed a fresh buying pivot after retracing marginally from