Two technical picks by Vaishali Parekh: Buy Maruti Suzuki, TCS

The stock of TCS has corrected and has bottomed out near 3,170 level, taking base near the trendline support zone

BUY MARUTI | CMP: Rs 7,284 | TARGET: Rs 7,900-8,000 | STOP LOSS: Rs 7,100

The stock has corrected well from the peak of 7,690 level and has bottomed out near 7,150 level. It took support and formed a "higher bottom" formation on the daily chart to indicate strength and has the potential to rise further from here on in the coming days. Besides, the stock has moved past the significant 50EMA and 200DMA levels to indicate improved bias. We suggest to buy and accumulate this stock for an upside target of Rs 7,900-8,000, keeping the stop loss of Rs 7,100.