Stock calls by Nilesh Jain of Anand Rathi: Buy Titan, Sell Bajaj Finance

Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall

BUY KEI | TARGET: Rs 535 | STOP LOSS: Rs 491

The stock has provided a breakout from a "symmetrical triangle" formation on the daily chart. The volumes were higher than average which also supports the breakout. The conservative target of the pattern is coming around 535 levels. It also surpassed the upper band of the Bollinger band which hints at a fresh breakout on the chart. It is trading well above its short-term and long-term moving averages. Based on the above rationale, we can expect further upside momentum in the counter.

BUY TITAN | TARGET: Rs 1,570 | STOP LOSS: Rs