I’ve shares of Metal Authority of India (SAIL). What’s the outlook?
Arun
SAIL (₹110.85): The inventory has been in downtrend since Might final yr. However from a giant image, it is a correction inside the broad uptrend that has been in place since April 2020. An important assist is within the ₹100-98 area which is holding effectively for now. A decisive rise above ₹120 will mark the top of the correction.
That leg of rally can have the potential to focus on ₹180-200 over the subsequent one yr. A sideways consolidation between ₹100 and ₹120 can also be a risk earlier than this rally to ₹180 occurs. Purchase SAIL now and accumulate at ₹104. Hold the stop-loss at ₹84. Path the stop-loss as much as ₹120 as quickly because the inventory goes as much as ₹145. Transfer the stop-loss additional as much as ₹150 when the value touches ₹165. Exit the inventory at ₹180.
What’s the outlook for Equitas Small Finance Financial institution?
Abinaya, Kochi
Equitas Small Finance Financial institution (₹59.25): The downtrend that has been in place since January final yr remains to be intact. Certainly, there’s room to fall extra from right here. The following necessary assist is at ₹50 which could be examined in a month or two. Presumably the inventory can discover a backside round ₹50. A bounce from ₹50 can take the share worth as much as ₹65.
An extra rise above ₹65 will verify the pattern reversal. It might probably then clear the way in which for seeing ₹100 and better ranges over the long run. Buyers with a long-term perspective, who can wait patiently should buy the inventory at ₹53. Hold the stop-loss at ₹42. Path the stop-loss as much as ₹58 when the value goes as much as ₹66. Transfer the stop-loss additional as much as ₹70 when the value touches ₹80. Exit at ₹95.
I had purchased shares of Websol Vitality System at ₹1,594. What’s the outlook? Ought to I proceed to carry or promote?
Ronak Sahai
Websol Vitality System (₹920.35): Any place out there ought to by no means be taken with out a stop-loss in first place. We’ve been reiterating the significance of getting a stop-loss on this column often. You will have made the entry into this inventory after the value had rallied very sharply in a brief span of time. Ideally it’s best to have exited the inventory when the value fell beneath ₹1,250. There’s assist close to ₹800 now.
However we might not get a robust rally in direction of ₹1,500 and better as was seen in 2024. You’ll be able to think about two choices. First is to exit the inventory instantly. Second choice is to have a stop-loss at ₹770 and exit on an increase at ₹1,160. If this rise doesn’t occur, then adhere to the stop-loss and are available out of the inventory.
What’s the outlook for Bharath Electronics (BEL)? Can I purchase the inventory now?
T Raveendran, Chennai
Bharat Electronics (₹277): The inventory had made a stellar rally from round ₹20 in 2020 to a excessive of ₹340 in July final yr. Since then, the value has been in a correction section
With within the broad uptrend. A doable flag formation on the chart retains alive the broader uptrend. Essential assist is at ₹230. The outlook will flip bearish if the inventory breaks beneath this assist. Such a break can drag the share worth right down to ₹180 or ₹160. Additionally to point the resumption of the uptrend, the inventory has to rise previous ₹310.
Solely then the upside will probably be open to see ₹400 and better ranges. So, for now, keep out of this inventory. You could look to enter it after the value breaks above ₹310. Hold the stop-loss at ₹280 and exit the inventory at ₹400.
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