Top trading ideas by Vaishali Parekh: Buy Grasim Industries, Bharat Forge

The chart of Grasim looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy

BUY GRASIM | CMP: Rs 1,401 | Target: Rs 1,600-1660 | Stop Loss: Rs 1,220

The stock, after the recent correction, has bottomed out near 1260 levels and has currently picked up momentum to move past the significant 50-EMA level of 1315 to improve the bias. The chart looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy. We advise to buy and accumulate this stock for an upside target of 1600-1660 keeping the stop loss of 1220. CLICK HERE FOR THE CHART

BUY BHARAT FORGE |