Two stock recommendations by Vaishali Parekh of Prabhudas Lilladher

The stock of SBI Cards has taken support near 770 levels to make a double bottom formation pattern in the daily chart and has picked up momentum to improve the bias

BUY SBI CARDS | CMP: Rs 806.90 | Target: Rs 900 | Stop Loss: Rs 740

The stock has taken support near 770 levels to make a double bottom formation pattern in the daily chart and has picked up momentum to improve the bias. We anticipate a fresh upward move in the coming days as the RSI indicator is well placed, indicating strength with the chart looking good. We suggest to buy and accumulate this stock for an upside target of Rs 900, keeping the stop loss of Rs 740.

BUY GSPL | CMP: Rs 198.50 | Target: Rs 220-225