 "Here's why Mehul Kothari recommends buying SBI, Infosys")
BUY
SBIN
TARGET: Rs 500
STOP LOSS: Rs 462
The stock has taken support near its historical levels of Rs 440 and then rebounded along with RSI displaying impulsive behavior at 30 levels which indicates a possibility of an upside.
BUY
Also Read
INFY
TARGET: Rs 1,560
STOP LOSS: Rs 1,508
The stock has hit previous historic top of Rs 1,450 which was made on April 09, 2021 & taken support on that. The weekly RSI is displaying impulsive behavior at 30 levels which indicates a possibility of an upside.
(Mehul Kothari - AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).
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