 "JM Financial, PFC: Stock picks by Osho Krishan of Anand Rathi")
BUY JM FINANCIAL LTD | TARGET: Rs 109 | STOP LOSS: Rs 96
JM FINANCIAL has re-tested the breakout zone of the recently made ‘cup & Handle’ pattern on the daily chart that even coincides with the lower band of the Bollinger. The stock price has seen strong support and has bounced from the lower band suggesting a strong support zone near the previous breakout zone. On the oscillator front, 14 period RSI has seen reversal on the higher side indicating strength in the counter from a short-term perspective.
BUY POWER FINANCE CORPORATION LTD | TARGET: Rs 155 | STOP LOSS: Rs 120
PFC is in a secular uptrend and is in the cycle of higher highs higher lows on the daily time frame. The stock is currently placed above its major exponential moving averages affirming the inherent strength in the counter. Also, the monthly RSI is about to come out of a falling trend-line and that can give immense strength to the price movement. From a risk-reward point of view, the stock is suitably placed and momentum could be seen from here onwards.
========================
Disclaimer: Osho Krishan is senior manager – equity research at Anand Rathi Shares & Stock Brokers. Views expressed are personal.
========================
Disclaimer: Osho Krishan is senior manager – equity research at Anand Rathi Shares & Stock Brokers. Views expressed are personal.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%