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Vaishali Parekh recommends buying Axis Bank, Hindustan Oil Exploration

The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts

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Vaishali Parekh Mumbai
BUY HIND OIL EXP
CMP: Rs 177.70
Target: 210
Stop Loss: 164

The stock has witnessed a decent correction from Rs 222-level and has taken support near Rs 167-level to indicate a reversal with positive candle pattern. The RSI indicator has also indicated a trend reversal from the oversold zone to signal a buy and has potential to rise further. With the chart looking attractive, we suggest to buy this stock for an upside target of Rs 210 keeping the stop loss at Rs 164.

BUY AXIS BANK
CMP: Rs 816
Target: Rs 890
Stop Loss: Rs 765

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