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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Kotak Bank stock has been moving within a tight range for quite some time and is currently taking support near the significant 200DMA level of Rs 1,737

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Vaishali Parekh Mumbai

2 min read Last Updated : Jun 28 2021 | 8:25 AM IST

BUY HINDALCO | CMP: Rs 375.90 | Target: Rs 420 | Stop Loss: Rs 355

The stock after a short correction has consolidated near Rs 365 levels. Currently, with a positive bullish candle, moving past the significant 50EMA level of Rs 373, the stock has improved the bias and indicated strength. The RSI also has shown a trend reversal to signal a buy from near the oversold zone. With the chart looking attractive, we suggest buying this stock for an upside target of Rs 420, keeping the stop loss at Rs 355. CLICK HERE FOR THE CHART

Topics : Market technicals Stock calls Markets Stocks to buy trading ideas from Prabhudas Lilladher technical callls

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