MCX, IEX: Two stocks that Anand Rathi's Osho Krishan is bullish on

IEX is in a secular uptrend and is highly poised to test the uncharted territory

BUY MCX | TARGET: Rs 1,710 | STOP LOSS: Rs 1,540

MCX recently witnessed a strong breakout from the descending channel on the daily chart and has retraced 61.80% of the rally, offering an opportunity to accumulate the stock. Also, the stock plunged near the breakout zone that coincides with 21 DEMA and the mean of the Bollinger band (20, 2), suggesting nearby support zone in the counter. Even on the oscillator front, MACD is placed in the comfort zone aloft the signal line affirming inherent strength in the counter.

BUY IEX | TARGET: Rs 470 | STOP LOSS: Rs 406

IEX is