Rakesh Jhunjhunwala Stocks: Big Bull makes some changes in portfolio - Do you know the names of these shares held by him?

Many investors just think Rakesh Jhunjhunwala is a great investor but few are aware that the Big Bull is an excellent trader as well. In many press conferences, he has explained his trading style. Not only investors admire Jhunjhunwala's investment strategy, the trading community also respects the ace investor for his trading skills as well. Markets are trading at life highs and Big Bull Rakesh Jhunjhunwala has made several changes in his portfolio.

Sumeet Bagadia, Executive Director, Research at Choice Broking recommends trading in some of these stocks. These Rakesh Jhunjhunwala stocks include Titan, Tata Motors, Escorts and Lupin.

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Sumeet said that investors should buy Escorts at a range of Rs 1340 – Rs 1360 with stop loss of Rs 1290 and target of Rs 1450. On a daily chart, the stock has confirmed the “Piercing Candlestick” which is a reversal formation suggests strength for upside in the counter. Moreover, the stock has given breakout of its "Falling Trend line" which indicates a reversal move and base on which the stock could accelerate its upside movement. A momentum indicator RSI and MACD both have shown positive crossover on the daily chart which adds more bullishness to the price. Based on the above technical structure, Sumeet is expecting an upside move till 1438-1450 on Escorts with the support of 1290.

Sumeet highlights that on a daily chart, Tata Motors has confirmed “Hammer Candlestick” by taking a support at its previous base which is placed at Rs 292 level which suggests an upside movement in the counter. Moreover, Stock price has pulled back from lower Bollinger band and Horizontal line, which indicates bullish sentiments in the counter. Furthermore, the stock has given closing above 50-days Moving Averages as well as an oscillator stochastic, K% is trading above D% which points out strength in the counter. At Present Level stock is having support at Rs 290 while resistance comes at Rs 330, crossing above it can show Rs 350 levels.

Sumeet recommends buying into Titan in cash at Rs 1470 – Rs 1489 with stop loss of Rs 1400 and target of Rs 1600. On a daily chart, the stock has been trading in its “Falling Channel” formation and consolidating near to the upper band of formation which indicates further upside movement in the counter. Moreover, the stock has formed "BULLISH HAMMER" Candlestick & has bounced back after the breakout of its 50-Days Moving Average which is a reversal pattern & suggests that the stock could see an upside movement. Additionally, MACD indicator as well reading with a positive crossover above its Zero line suggests a positive rhythm along with strength in the counter.

Sumeet said investors should buy Lupin in cash at Rs 1014 with stop loss of Rs 989 and target of Rs 1080. On a daily Chart, the Index has been trading in its “Falling Wedge” formation where recently Index has taken support of the lower bend of the formation which indicates bounce back movement in Index. Furthermore, Stock price has pulled back from the lower Bollinger band and Rising trend line, which indicates bullish sentiments in the counter. Moreover, the stock has been trading above its 100-Days Moving Average which suggests that the stock has a great potential to move further.