Two stock ideas by Vaishali Parekh: Buy CESC, Cadila Healthcare

Cadila Healthcare's stock has taken base near Rs 600 levels on two occasions recently, forming a good support zone

BUY CESC  | CMP: Rs 794 |  TARGET: Rs 880 |  STOP LOSS: Rs 750

The stock has made a higher bottom formation pattern on the daily chart, taking support near Rs 750 levels and has reversed the trend to improve the bias. The RSI indicator has also shown a trend reversal to signal a buy.  Any move above Rs 800 level would indicate a breakout for fresh upside. We suggest to buy and accumulate this stock for an upside target of Rs 880, keeping the stop loss of 750. CLICK HERE FOR THE CHART

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