Buying IRCTC, Max Financial on dips may be a good idea; here's why

While the stock of max Financial Services has confirmed a major range breakout above 850-mark, the stock of IRCTC is in oversold zone, says Mehul Kothari of Anand Rathi

BUY Max Financial Services near 850 | Target: Rs 900 | Stop Loss: Rs 820

The stock has confirmed major range breakout above 850 mark and that has happened with decent volumes. In addition, the breakout resembles a bullish FLAG pattern on the weekly scale.  Thus, we advise traders to buy the stock only on a dip near 850-mark for an upside target Rs 900 in the coming sessions.

BUY IRCTC near 575 | Target: Rs 610 | Stop Loss: Rs 560

The stock is oversold, and we are witnessing a positive divergence on the daily RSI which indicates possibility of a