Weekly stock picks by Religare Broking: Buy Godrej Consumer, Hero MotoCorp

Godrej Consumer's stock has been trading with a corrective bias for the last three weeks

Buy Godrej Consumer Products Limited

Last Close: Rs 677.45

Initiation range: Rs 670-675

Target: Rs 715

Stop loss: Rs 655

After an up move from 600 to 720 levels, GODREJCP has been trading with a corrective bias for the last three weeks. It has tested the support zone around 660 of late and indications are now in the favor of a rebound. Traders are advised to initiate fresh longs in the given range.

Buy Hero MotoCorp Limited

Last Close: Rs 2,841.25

Initiation range: Rs 2,820- Rs 2,830

Target: Rs 2,980

Stop loss: Rs 2,750

We’re seeing consistent buying interest in the