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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES

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Vaishali Parekh New Delhi

2 min read Last Updated : May 17 2021 | 8:46 AM IST

BUY ITC LTD | CMP: Rs 212 | Target: Rs 230-238 | Stop Loss: Rs 200

The stock has bottomed out near the significant 200-DMA level of 198, picking up momentum and currently with a bullish candle has moved past the 50-EMA level of 207 to improve the bias. The RSI also has indicated a trend reversal, showing strength, and has signaled a buy. With the chart looking attractive, we suggest to buy this stock for an upside target of 230-238, keeping the stop loss of 200. CLICK HERE FOR THE CHART

BUY RITES | CMP: Rs 243 |

Topics : Markets Market technicals ITC Rites Stock calls technical analysis trading ideas from Prabhudas Lilladher

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