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 12 months. However from a giant image, this can be a correction inside the broad uptrend that has been in place since April 2020. A vital 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 following one 12 months. A sideways consolidation between ₹100 and ₹120 can also be a chance earlier than this rally to ₹180 occurs. Purchase SAIL now and accumulate at ₹104. Maintain 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 12 months remains to be intact. Certainly, there’s room to fall extra from right here. The subsequent essential assist is at ₹50 which may be examined in a month or two. Probably the inventory can discover a backside round ₹50. A bounce from ₹50 can take the share value as much as ₹65.
An additional rise above ₹65 will verify the development reversal. It may then clear the best way 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. Maintain 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 no stop-loss in first place. Now we have been reiterating the significance of getting a stop-loss on this column continuously. You could 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 under ₹1,250. There may be assist close to ₹800 now.
However we might not get a robust rally in the direction of ₹1,500 and better as was seen in 2024. You’ll be able to contemplate 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 12 months. Since then, the value has been in a correction part
With within the broad uptrend. A attainable flag formation on the chart retains alive the broader uptrend. Essential assist is at ₹230. The outlook will flip bearish if the inventory breaks under this assist. Such a break can drag the share value 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 likely 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. Maintain the stop-loss at ₹280 and exit the inventory at ₹400.
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