 "Stock market alert: IT stocks not ideal for short-term trades this week")
synopsis
Stock market indicates a mixed rally this week. Investors' fears have eased as Trump postponed trade tariffs internationally for 90 days. However, geopolitical developments may significantly impact India's China-dependent supply system.
Stock Recommendations for This Week:
PowerGrid
This stock is recovering and attempting an outbreak from consolidation. It took support at ₹250 and closed at ₹304 last Friday. Currently, entry can be taken near ₹300, targeting ₹322-330. Stop Loss: ₹292.
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Gujarat Gas Limited
This stock, recently in base formation, is stable around ₹380. The closing price on Friday was ₹428. Entry can be taken in the ₹410-420 range, targeting ₹490. Stop Loss: ₹400.
Patanjali Foods
This stock is trading strongly even in a losing market, stabilizing at ₹1,800 in the Darvas Box pattern. Currently, entry can be taken at ₹1,850, targeting ₹2,150. Stop Loss: ₹1,810.
Laurus Labs
This stock, in an uptrend, is currently in range-bound mode. Increasing trading volume is a good sign. Investment can be made with entry at ₹600, targeting ₹655. Stop Loss: ₹585.
Jindal Stainless Steel
This stock, in a downtrend, is currently showing stability. Although volume has decreased slightly, there is a chance of recovery. A position can be taken at ₹530-540, targeting ₹610. Stop Loss: ₹520.
(Note: The information provided reflects expert estimates and opinions. Readers are advised to consult a certified financial advisor before making any final decisions regarding stock market investments. All investments are subject to market risks.)
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