Top stock ideas from Anand Rathi: Buy Indiabulls Real Estate, RIL

Since November 2020, RELIANCE has made almost three bottoms between 1,830 - 1,860 levels, which indicates multiple supports for the stock near the 1,830-mark

BUY IBREALEST | TARGET: Rs 92 | STOP LOSS: Rs 76

Since almost a month, IBREALEST has been consolidating in a range of 84 - 75. During this period, the stock found support at the placement of 200-day EMA. This support coincides with the flat line of Ichimoku on the weekly scale. The stable price action above such strong support indicates accumulation and the stock is preparing for a fresh upside. Hence, traders are advised to buy the stock near 81 with a stop loss of 76 for the upside potential target of 92 in 3-4 weeks.

BUY RELIANCE | TARGET: Rs