Here are some answers to readers’ queries on the performance of their stock holdings.
What is the outlook for Tata Steel and Torrent Pharma?
Investors with long-term perspective can hold the stock as long as it trades above its key support at ₹340.
A decisive fall below this level will mar the bullish momentum and drag the stock down to ₹300 or even ₹250 in the long term. On the upside, strong rally above ₹530 can take the stock northwards to ₹600 and then to ₹650 in the long run.
Torrent Pharmaceuticals (₹611.7): Torrent Pharmaceuticals is on an uptrend across all time-frames — long-, medium- and short-term.
Nevertheless, after marking a new high at ₹688 in early May 2014, the stock has seen some selling pressure.
A fall below ₹590 will mar its short-term uptrend and pull the stock down to ₹550 or ₹520 levels.
If these supports fail to hold, then the stock can trend downwards in the medium term and reach its significant long-term base at ₹450. Next key support is pegged at ₹400.
On the upside, a strong rally above ₹634 can push the stock higher to ₹676 or ₹700 levels in the medium- to long-term.
Investors with long-term horizon can hold the stock with a stop-loss at ₹520.
I want to buy shares of Bartronics for the long term. Suggest a good entry point
Iqbal Ahmed Khan
Bartronics India (₹11.7): The stock of Bartronics India is not out of the woods yet. The stock has been on a long-term downtrend, ever since registering an all-time high at ₹294 in early 2008.
Following a sideway consolidation move between ₹5 and ₹9 for almost a year, the stock broke out of this range recently by hitting upper circuit limits.
However, its long-term prospect has not changed. Avoid trading in this stock.
A strong rally above its next resistance level at ₹15 can take the stock higher to ₹21 or even to ₹31 in the medium-to-intermediate term. But failure to move above ₹15 can result in the stock declining to ₹9 or ₹5 in the same time-frame.
What is the short- and medium-term outlook for Tata Global Beverages purchased at ₹148?
Vijay
Tata Global Beverages (₹149.2): Tata Global Beverages has been on an intermediate-term sideways consolidation phase since May 2013, in the broad range of ₹135-170.
Unable to breach its key immediate resistance at ₹160 last week, the stock reversed down and declined 5 per cent, backed by good volumes.
It trades at a crucial trend-deciding level of ₹150, where the stock is testing its 50- and 200-day moving average.
Both short- and medium-term outlook for the stock are bearish.
A strong dive below ₹142 can take the stock lower to ₹135 in the short term.
A move below ₹135 will pave way for a decline to its key long-term base level at ₹125 in the medium-term. Exit the stock and enter at lower support levels.
On the upside, only an emphatic break out of ₹160 will restore its bullish momentum and push the stock higher to its upper boundary at ₹170.
Key resistance above ₹170 is at ₹182.
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