jatin_agarwal

jatin_agarwal

NSE:INDOCO is forming a triangle and current levels are good for bottom fishing. Keep a stop loss at 310 and one can go long here, alternatively one can wait for a confirmation of breakout of the triangle.

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One can do Bottom Fishing in NSE:RAJRATAN at these levels. A stop loss at 720 can be observed. 850-860 would be the first resistance from here. Good risk to reward ratio. Go Long.

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Look at the Lower High formations in this chart. This is a clear sign of a downtrend. One should be very careful in the market when such trends appear because there are only 3 trends in total. Markets can either be Bullish, Bearish or Sideways. Nasdaq has gone into a bearish trend and one needs to be very careful as US markets and the economy itself is tanking....

jatin_agarwal

NSE:KPRMILL has given a weekly chart structure breakout and a stop loss at 756 can be held for this share. We are looking at a good end to a long consolidation and hence, decent returns can be expected from these levels.

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NSE:BOSCHLTD is on the verge of a monthly breakout and the chart looks very strong. A little bit of nudge and the downward sloping line would be broken. This should end a long consolidation for the stock. Keep it on your radar. Breakouts like these can deliver enormous returns in just a few year's time.

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NSE:EVEREADY has retested its breakout level and if current levels are held, it can be a good accumulation opportunity. Expect targets of 460 while a stop loss in the range of 370-385 can be maintained. Go Long if levels are held.

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NSE:JSWENERGY closed at life-time high. One can go long here with a stop loss at 390. Power sector is in good momentum and other related business are doing good as well. Strong tailwinds. New ATH.

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NSE:CANBK has given a solid breakout and a stop loss at 365 can be followed. PSU banks are looking strong and hence, you should hold this one with discipline. PSU banks are leading the current rally. Canara Bank also gave a strong monthly chart breakout a few months back and now is back in strong momentum.

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NSE:BANKBARODA has given a solid breakout and a stop loss at 210 can be followed. PSU banks are looking strong and hence, you should hold this one with discipline. PSU banks are leading the current rally.

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NSE:MAZDOCK has out-performed its peers NSE:COCHINSHIP and NSE:GRSE since the start of 2023. However, all 3 stocks have out-performed the market. These 3 have created significant wealth for investors. Fundamental triggers are plenty for these companies. Defense sector is looking very strong and one should definitely keep an eye on these 3. Order book is also...

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NSE:BBTC has given a monthly level breakout and looks very strong in its momentum. A stop loss at 1190 can be marked and one should expect new ALL TIME HIGH in this counter in the coming months.

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NSE:LXCHEM has given a breakout and the stock looks very solid as the whole chemical pack is moving upwards. Keep target of 395 with a stop loss at 285. Clean breakout.

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NSE:SYRMA looks very good and has given a clean breakout during a weak phase in the market. Keep stop loss at 490 and go long. Syrma SGS is an EMS company and focuses on Electronics Manufacturing and is also the beneficiary of the up-move in this sector.

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NSE:KICL has given a breakout on monthly charts. Target will be 2700 but I expect it to move higher once it crosses 2700. Stop Loss would be 2200 and that might also act as a support if the stock reverses to re-test the breakout. It is a monthly breakout and hence, you need to treat it as a ling term trade.

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NSE:JKTYRE broke out from a monthly consolidation range and looks very strong. It gave a breakout around 235 and that should act as a stop loss for us. Expect big targets.

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NSE:LATENTVIEW has broken out from a consolidation and looks good. Stop loss at 400 for initial target of 500. I do feel it has the potential to go even higher.

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NSE:TATAPOWER looks good and the sleeping giant might awaken now. Keep a stop loss at 210 but know that a clean breakout will only happen above 250. Above 250, one should definitely go long and keep 250 as stop loss (resistance becomes support).

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NSE:SENCO got listed recently and looks very good with a simple stop loss at 385. Other similar businesses are doing well as well in the stock market. Go long in this share.