From Breakouts To Caution Zones: Here’s What SEBI RAs Recommend For These Four Stocks

SEBI-registered analysts have highlighted crucial breakout and resistance levels across midcap and largecap stocks, including Jio Financial, Punjab National Bank (PNB), Can Fin Homes and Greaves Cotton. 

While some stocks are likely to see fresh rallies, the analysts have urged traders to wait for a healthy pullback in some recommendations before making fresh entries. 

Let’s take a look at the analyst recommendations: 

Jio Financial

SEBI-registered analyst Dhruv Tuli flagged Jio Financial shares. He noted that the stock has given a fresh breakout from the daily trendline, where bullish momentum is clearly visible. However, its Relative Strength Index (RSI) is in an overbought territory (74+), suggesting caution. 

Tuli advised to wait for a retest towards the previous breakout zone of ₹285–₹300 before making fresh longs. He believes that a healthy retracement can offer a low-risk, high-reward entry. Overall technical structure looks strong for Jio Financial and its trend has shifted bullish, he added.

In recent news, its subsidiary, Jio BlackRock Broking Private, received a certificate of registration from SEBI to operate as a stockbroker and clearing member. 

Jio Financial shares have gained 7% year-to-date (YTD).

Punjab National Bank (PNB)

Financial Sarthis have flagged the breakout in PNB. They observed that the stock broke out impressively around the ₹109 zone and is currently facing resistance at the Golden Ratio (61.8%) of ₹114.

According to them, a daily close above ₹114 could open doors to fill two upside gaps of ₹118 and ₹122, provided key support holds strong at ₹108–₹109 on daily closing.

Meanwhile, Citi has maintained a ‘Sell’ rating on the stock, with a target price of ₹101, indicating 12% downside. 

PNB shares have gained 8% YTD. 

Can Fin Homes

Analyst Palak Jain is bullish on Can Fin Homes. She believes that the stock looks good for a swing trade, with targets between ₹830-₹860.

Can Fin Homes shares have gained 11% YTD. 

Greaves Cotton

Analyst Srinvasa Reddy is bullish on Greaves Cotton with a target price of  ₹225 to be achieved by July 11. 

The company has been in the spotlight for its expansion in the electric mobility space, particularly through its subsidiary Greaves Electric Mobility, which has reported growth in electric two- and three-wheeler sales.

Greaves Cotton shares have fallen 24% YTD. 

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