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Here's why Anand Rathi recommends buying Rain Industries, Route Mobile

Mehul Kothari of Anand Rathi is bullish on Rain Industries and Route Mobile.

Markets, stocks, buy, sell, trading, shares, stock market
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Mehul Kothari Mumbai
BUY RAIN | TARGET: 270 | STOP LOSS: 240

The stock gained traction recently after entering the basket of F&O. It found support at 200 day moving average and recently confirmed a fresh breakout. The pattern resembles bullish FLAG with a target of 290. Traders can buy the stock only on dips near 250-mark with a stop loss of 240 for upside target of 270 in 1 – 2 weeks.

BUY ROUTE | TARGET: 2100| STOP LOSS: 1800

The counter corrected from the peak of 2,400 towards the 1,700 mark in the past few months. Then, the stock found support