Top stock picks by Nilesh Jain of Anand Rathi: Buy Coforge, Divis Labs

The momentum indicator RSI has also breached the falling trend line and MACD provided a fresh buy crossover on the daily chart which hints of further positive momentum in Divis Labs

BUY COFORGE | TARGET: Rs 2,500 | STOP LOSS: Rs 2,200

The stock has formed a double bottom pattern at 2,100 levels and showing reversal from the same. It has also reclaimed its short-term 21-DMA which is placed at 2315 levels.The momentum indicators and oscillators are in the buy mode on the daily scales which hints at a further positive momentum in the counter. The recent rally in the stock was on the back of the short-covering move, we can expect long the buildup of position in the coming sessions. 

BUY DIVIS LAB | TARGET: Rs 3,550 | STOP LOSS: Rs 3,250

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