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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

For Bajaj Auto, the RSI has shown a steep rise with a trend reversal and signaled a buy

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Vaishali Parekh Mumbai
BUY  REC LIMITED | CMP: Rs 148 | TARGET: Rs 165-170 | STOP LOSS: Rs 140

The stock has given a breakout above the previous peak resistance of 145 levels and has improved the bias with the RSI going strong and we anticipate a further upward move in the coming days. With the chart looking promising and decent volume participation witnessed, we recommend a buy in this stock for an upside target of 165-170 levels keeping the stop loss near 140.

BUY  BAJAJ AUTO | CMP: Rs 3,145.50 | TARGET: Rs 3,350 -3,400 | STOP LOSS: Rs 3,030

The stock has been in

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First Published: Jan 31 2020 | 7:45 AM IST

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