``Traders can buy Reliance Infrastructure above Rs 479 for a target of Rs 500 with a strict stop loss placed below Rs 464 from perspective of 4-5 weeks,`` said Rahul Randeria, technical analyst, IDBI Capital.
``Yestarday, Rel Infra has formed an engulfing bullish candle on the daily charts. However, the stock has witnessed a selling pressure is the past trading sessions and now it is poised for a technical pullback from the current levels. On the oscillator`s front; RSI & Stochastic are placed with positive crossover on the daily charts,`` said Randeria.
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