Vaishali Parekh of Prabhudas recommends buying Concor, Jubilant Food

Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher

BUY CONCOR
CMP: Rs 636
Target: Rs 710
Stop Loss: Rs 590

The stock has indicated a double bottomed pattern on the daily chart with Rs 595 as the support zone and has gradually picked up momentum to improve the bias. The RSI is also well placed and is on the rise indicating strength and has potential to rise further in the coming days. We suggest to buy and accumulate this stock for an upside target of Rs 700 keeping the stop loss of Rs 595. VIEW CHART

BUY JUBILANT FOOD
CMP: Rs 3,763
Target: Rs