Oberoi Realty's bullish breakout backed by rising volumes, positive RSI; Ruchit Jain recommends buy

Ruchit Jain, VP and Head of Equity Technical Research at Motilal Oswal Financial Services, recommends buying Oberoi Realty stock. The call is based on a bullish breakout from an Inverted Head and Shoulders pattern on daily charts, supported by rising volumes and positive RSI. He has set a target of Rs 1,990 over the next few weeks.