Choice Broking recommends buying ABCAPITAL, Jubilant FoodWorks and RBL Bank on technical strength

Choice Broking analyst Sachin Gupta identifies favorable technical setups for three Indian stocks. Aditya Birla Capital has broken out above the upper trendline of a daily wedge, supported by notable volume and a bullish Marubozu candle, closing above the 20-day and 50-day EMAs; Gupta advises buying at ₹410 with a stop loss of ₹390 and a target of ₹450. Jubilant FoodWorks has retested its long-term trendline breakout and remains above all key moving averages, with an RSI of 60.41, prompting a suggested entry at ₹500, stop loss at ₹480 and target at ₹540.

RBL Bank shows a solid retest of its breakout line above an ascending trendline, holding above the 20-day EMA; Gupta recommends buying at ₹416, setting a stop loss at ₹403 and aiming for ₹440. He cautions that sustained trading above these levels is needed to validate the upside potential.