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 throughout the broad uptrend that has been in place since April 2020. An important help is within the ₹100-98 area which is holding nicely 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 following one yr. A sideways consolidation between ₹100 and ₹120 can be a chance 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 worth 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 may be room to fall extra from right here. The following essential help is at ₹50 which could be examined in a month or two. Probably the inventory can discover a backside round ₹50. A bounce from ₹50 can take the share worth as much as ₹65.
An additional rise above ₹65 will verify the pattern reversal. It could actually 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 purchase the inventory at ₹53. Hold the stop-loss at ₹42. Path the stop-loss as much as ₹58 when the worth goes as much as ₹66. Transfer the stop-loss additional as much as ₹70 when the worth touches ₹80. Exit at ₹95.
I had purchased shares of Websol Power System at ₹1,594. What’s the outlook? Ought to I proceed to carry or promote?
Ronak Sahai
Websol Power System (₹920.35): Any place out there ought to by no means be taken with out a stop-loss in first place. We’ve got been reiterating the significance of getting a stop-loss on this column incessantly. You may have made the entry into this inventory after the worth had rallied very sharply in a brief span of time. Ideally you need to have exited the inventory when the worth fell beneath ₹1,250. There’s help close to ₹800 now.
However we could not get a powerful rally in direction of ₹1,500 and better as was seen in 2024. You’ll be able to take into account two choices. First is to exit the inventory instantly. Second possibility 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 worth has been in a correction part
With within the broad uptrend. A potential flag formation on the chart retains alive the broader uptrend. Essential help is at ₹230. The outlook will flip bearish if the inventory breaks beneath this help. Such a break can drag the share worth all the way down to ₹180 or ₹160. Additionally to point the resumption of the uptrend, the inventory has to rise previous ₹310.
Solely then the upside can be open to see ₹400 and better ranges. So, for now, keep out of this inventory. You might look to enter it after the worth breaks above ₹310. Hold the stop-loss at ₹280 and exit the inventory at ₹400.
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