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Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116

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Vaishali Parekh Mumbai
BUY ASHOK LEYLAND | CMP: Rs 120 | TARGET: Rs 134-138 | STOP LOSS : Rs 114

The stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116. It is currently indicating a positive candle pattern with improved bias. The RSI has also indicated a reversal from the oversold zone and a buy with the potential to rise further upward. We suggest buying this stock for an upside target of Rs 134-138, keeping the stop loss at Rs 114. CLICK HERE FOR CHART

BUY SHRIRAM TRANS FINANCE | CMP: