Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

With the chart looking promising, we suggest to buy Hindalco and accumulate the stock with an upside target of Rs 220-225 keeping the stop loss near Rs 180 levels.

BUY HINDALCO

CMP: Rs 196.30

TARGET: Rs 220-225

STOP LOSS: Rs 180

The stock has made almost a double bottom formation near 180 levels forming a strong support base and has given a decent bounce to imply strength and has potential to rise further in the coming days. The RSI also has indicated a trend reversal from the oversold zone and has signaled a buy to improve the bias. With the chart looking promising, we suggest to buy and accumulate the stock with an upside target of Rs 220-225 keeping the stop loss near Rs 180 levels.

BUY APOLLO