Stock picks by Nilesh Jain of Anand Rathi: Buy Adani Enterprises, Wipro

The momentum indicator RSI has reversed from its oversold territory and breached its falling trend line on the daily scale in Adani Enterprises

BUY ADANIENT | TARGET: Rs 350 | STOP LOSS: Rs 315

The stock has provided a fresh breakout from its falling channel on the daily chart. The higher-than-average volume activity supported the breakout. The momentum indicator RSI has reversed from its oversold territory and breached its falling trend line on the daily scale which hints at positive momentum in the counter.

BUY NAUKRI | TARGET: Rs 3,800 | STOP LOSS: Rs 3,475

The stock has formed a bullish engulfing candlestick pattern on the daily chart which is considered as a bullish reversal pattern. It is also trading in a rising channel and currently,