jatin_agarwal

jatin_agarwal

Adani Transmission looks weak like other Adani Group stocks. It has however started forming a doji and dojis can be a sign of reversal. We will have to see whether this stock can reverse or not. If it doesn't then it is best to stay out. If reversal comes in the next week then one can look to accumulate.

jatin_agarwal

In my opinion Adani Power has broken down severely and 200 is the next key support level. If there is no recovery then things can look tough for this stock. Adani Group has been the talk of the town due to a report by Hindenburg Research. The stocks have been in news for all the negative reasons.

jatin_agarwal

Adani Ports at weekly support levels of 660. However, it might go below as it is currently forming a doji below that level. We need to see what the follow up would be. Buy above 660 only for targets of 900. 660 is a multi year support.

jatin_agarwal

Adani Group has been the talk of the town due to a report by Hindenburg Research. This share is in the news for the wrong reason so don't jump in. There is however, a very strong support at 1230 on weekly levels. Keep a watch and buy if the level holds.

jatin_agarwal

Adani Group has been the talk of the town due to a report by Hindenburg Research. Adani Enterprises also had an FPO that was finally able to get through. This share is in the news for the wrong reason so don't jump in. Buy above 3160 only and do not buy below that level. Target of 3800 can be expected if resistance is taken out.

jatin_agarwal

HDFC Bank has under-performed the market for quite some time now. I believe that phase might now get over as the stock attempts to give a fresh breakout. Keep a stop loss at Rs.1635 and go long.

jatin_agarwal

According to me, any dip in Axis Bank should be treated as an accumulation opportunity. Axis Bank looks very strong on the charts. It gave a multi-year breakout and with banking shares declaring solid numbers across the board, one should try to bet on good banks in the market. SL is still marked for those who want to trade, I am buying for investment.

jatin_agarwal

Rajesh Exports is attempting a breakout after years of consolidation. Keep a stop loss at Rs. 815 and go long in this share. Fundamentally there has been a big news, let me explain: Rajesh Exports Ltd (REL) has announced that it is foraying into Advanced Technology Solutions with a focus on Energy Storage Solutions. REL has informed that has been selected by the...

jatin_agarwal

With their recent stake buying in Open AI which houses the famous Chat GPT, Microsoft is looking more future ready than ever. It is currently trading around its 200 Weekly EMA and that has acted as a brilliant support for it. Keep a stop loss at $220 for safety and buy this share for the long term.

jatin_agarwal

Fiem Industries has done its retest and now one can buy it for targets of 2000 while keeping a stop loss at 1650. Auto Ancillary and related stocks are looking solid.

jatin_agarwal

RateGain Travel Technologies Ltd is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals,...

jatin_agarwal

Axis Bank is the 3rd largest private sector bank in India. It is the 4th largest issuer of credit cards and the 2nd largest merchant-acquiring bank in India with an installed capacity of 10 lacs+ terminals, acquiring an incremental market share of 30% in FY22. Axis Bank gave a very strong breakout on multiple time frames. I believe the rally has just started. This...

jatin_agarwal

Bajaj Finserv is at a crucial support level. This support is of weekly 100 EMA. Bajaj Finserv is the holding company for Bajaj Finance and 2 of their insurance companies as well. A bit of under-performance is due to in line growth which is a bit of surprising for Bajaj Finance because it usually hammers growth estimations of analysts.

jatin_agarwal

ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology. ABB India has had a breakdown in its charts. After being a wonderful performing stock in a very weak market last year, the stock might enter its fresh phase of correction, it is...

jatin_agarwal

Government has launched an OFS in IRCTC at a discount and that has caused the stock to correct. I do expect it to recover soon however, i would like to initiate fresh buying in this only above 705-710. Be watchful.

jatin_agarwal

This is massive: IDFC Limited is coming out of a very very long consolidation. Keep a Stop Loss at 82 and go long for the medium to long term. Do not miss this big breakout.

jatin_agarwal

Yes Bank saw a sharp upwards movement in price following the news that Private equity majors Carlyle and Advent have got the Reserve Bank of India's (RBI's) nod to own up to 9.99 per cent in Yes Bank. Go long above 20 rupees while that will then become your stop loss. I do feel the major issues of Yes Bank are behind it.

jatin_agarwal

Nifty IT has corrected severely this week with the maximum correction coming today itself. We will watch closely as to whether the 100 Weekly EMA can be held or not. Neutral view for now as I believe time wise correction is remaining. Bearish below 100 weekly EMA.