Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.

BUY JUSTDIAL | CMP: Rs 674 | Rs Target: 750-780 | Stop Loss: Rs 620

The stock, after the recent correction, has bottomed out near 610 levels and has given a bullish candle pattern to improve the bias. We, therefore, anticipate further upside move. Currently with the RSI also well placed, the indicator has indicated a trend reversal to signal a buy. With the chart looking attractive, we suggest to buy and accumulate this stock for an upside target of Rs 750-780, keeping the stop loss of Rs 620.

BUY NESTLE | CMP: Rs 17,295 | Target: Rs 18,800 |