IRCTC, Bajaj Fin: 3 stocks that Nilesh Jain of Anand Rathi is bullish on

Technical indicators RSI and MACD hint of fresh upside momentum in the IRCTC stock

BUY IRCTC | TARGET: Rs 1,620 | STOP LOSS: Rs 1,460

The stock was in a consolidation mode for the past two months and, now, it has breached the major neckline on the daily chart. It is likely to make an attempt to fill the gap which is placed at 1,600 levels. The momentum indicator RSI has reversed from oversold territory and MACD has provided a buy crossover on the daily chart which hints of fresh upside momentum in the counter.

BUY BAJFINANCE | TARGET: Rs 5,800 | STOP LOSS:  Rs 5,330

The stock has provided a breakout from a double bottom pattern