Time to buy HDFC AMC, Bajaj Electricals, says Vaishali Parekh

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

BUY HDFC AMC
CMP: Rs 2,950
Target: Rs 3,300
Stop Loss: Rs 2,800

The stock after the decent correction has bottomed out and consolidated near Rs 2,890-level and currently has picked up momentum with a positive bullish candle pattern to improve the bias. The RSI is also well placed and indicates a trend reversal from the oversold zone to signal a buy. We suggest to buy and accumulate this stock for an upside target of Rs 3,300 keeping the stop loss at Rs 2,800. CLICK HERE FOR THE CHART

BUY BAJAJ ELECTRICALS
CMP: Rs 1,274
Target: