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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of ICICI Lombard GIC has indicated a breakout above the trendline resistance zone and has entered a new territory to imply strength

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Stock calls | Markets | Trading strategies

Vaishali Parekh  |  Mumbai 

The stock of ACC has made a higher bottom formation in the daily chart and has picked up momentum
The stock of ACC has made a higher bottom formation in the daily chart and has picked up momentum

BUY | CMP: 1,179.10 | Target: 1,350 -1,380 | Stop Loss: 1110

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The stock has made a higher bottom formation in the daily chart and has picked up momentum with a positive bias making the chart attractive. The RSI has also shown a trend reversal to signal a buy and we suggest to buy and accumulate this stock for an upside target of 1,350-1,380 levels, keeping the stop loss of 1,110.

BUY ICICI LOMBARD GIC | CMP: 1,290 | Target: 1,450-1,500 | Stop Loss: 1,230

The stock has indicated a breakout above the trendline resistance zone and has entered a new territory to imply strength and has potential to rise further in the coming days. The RSI is positive which is on the rise and maintaining a positive bias, we suggest to buy and accumulate this stock for an upside target of 1,450-1,500, keeping the stop loss near 1,210.


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Disclaimer: All stock prices are in rupee denomination. Vaishali Parekh is a reseach analyst at Prabhudas Lilladher and may have positions in one or all of the above mentioned stocks. Views are her own.

First Published: Mon, May 04 2020. 08:09 IST
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