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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Indian Hotels has been in consolidation for quite some time with 122 levels as a strong base
BUY SPARC | CMP: Rs 191.35 | Target: Rs 218-225 | Stop Loss: Rs 180

The stock has formed a 'higher bottom' formation on the daily chart, taking support near 190 levels. It has also reversed eralier trend and has picked up momentum with decent volume to improve the bias. The chart looks attractive for further upside movement with the RSI indicator also showing a trend reversal. It is well placed and we, therefore, suggest to buy this stock for the target of Rs 218-225, keeping the stop loss of Rs 180.

BUY INDIAN HOTELS | CMP: Rs 126.95 | Target: Rs 140-145 | Stop Loss: Rs 118

The stock has been in consolidation for quite some time with 122 levels as a strong base and has currently indicated a momentum pick up, coupled with decent volume, to improve the bias. With the RSI indicator indicating a trend reversal, we anticipate further upside movement in the stock. Buy this stock for an upside target of Rs 140-145, keeping the stop loss of Rs 118.


Disclaimer: The author is an analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.

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