jatin_agarwal

jatin_agarwal

Wipro is one of the large cap IT stocks that has been hammered by the stock market. However, one can see a decent triangle formation and bottom formation going on here. If this formation succeeds, it can be a great accumulation zone for the stock for the medium term. The base of the triangle (marked in the chart) is your stop loss.

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Rategain in forming a very very big triangle and is likely to give excellent returns post breakout. The triangle formation is clearly visible in the chart. Trade only on breakout for targets of previous high. Rategain is a big proxy play to the hotel industry and should be kept on radar.

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Mahindra Lifespace is at a support level of 510. One can look to accumulate this share at these levels. Looks good for short to medium term.

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Kalyan Jewellers has had a very clean breakout and one should go long in this trade while keeping a stop loss at 85. Looks very very good on charts.

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USL looks very good and has been consolidating for a very long time. This is the second phase of consolidation after breaking out of its range of many years. Keep it on watchlist and this can be a true multibagger in the coming years.

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Latent View Analytics consolidation is now over and one an go long here by keeping a stop loss at 390. Targets: 430, 460, 500.

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Mahindra Lifespace looks really strong on chart. Keep a stop loss at 510 and go long in this trade.

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Nifty looks good at current levels and as expected, volatility has increased at a crucial zone. I would stay long in Nifty as long as it stays above 17,400.

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ITC continues to look good and strong in this market. I would not be surprised if the stock doubles in the next 1 year. I would suggest that one can go long without much worry here. Keep a stop loss but enjoy the rally.

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Route Mobile has a Doji formation at support levels of 1400. If the stock gives a positive closing this week, then one can look to go long in this stock. Route mobile is a CPaaS provider and is a strong player in its industry.

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Apollo Finvest has broken down significantly after the recent results. It ran up before the results and fell even though the results were good. I feel as long as it stays below the slanting trendline, it will continue to remain bearish. Avoid longs here.

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Rategain is on support levels and this is the best place to accumulate this travel industry related share. Other SaaS businesses have shown some strength while this one has been hammered by the markets. I expect some recovery.

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Tata Steel looks decent at current levels. If the current levels are held then one can go long in this stock. The stop loss is marked in the chart for better understanding.

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This chart has given a breakout and it looks as if Nifty 50 will follow it. today was a very volatile day for the markets, yet it held on. US-China tension did not affect the index as such. Nifty 50 Equal Weighted Index is an index which gives equal weights to all stocks in it. Traditionally, different stocks have different weightage.

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The stock has cancelled a long correction of about 6 months in just 2 days. The stock looks very bullish, be a bit watchful as results are around the corner for this one. Looks good for short term if rally is held this week. Keep a stop loss at 2370. Go Long.

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Nykaa is forming a small triangle, trade in the direction of breakout. Triangles are neutral chart patterns and hence, should be traded only after a breakout in either direction. Lines are marked for better understanding of the structure.

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Bajaj Finance might move on the back of Bajaj Finserev Split news. This can be a good time to accumulate the share. Pure investment pick in the NBFC space.

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Cummins India is one chart that one should look to accumulate after the recent breakout. I have marked a stop loss in this chart for traders. Looks very good for the medium term.