I have shares of Rail Vikas Nigam. My purchase price is ₹105. What is the long-term outlook for this stock?
Alamelu
Rail Vikas Nigam (₹570): You have made a very good entry into this stock. The stock has made a multi-fold rise from your purchase price. So, it is now important for you to protect your profits. Strong supports are at ₹500 and ₹470. Keep a stop-loss at ₹460 and hold the stock. The overall trend is up. The recent fall from the high of ₹647 made in July is just a correction within the overall uptrend. A fall to ₹500-480 is still a possibility. But uptrend will reverse only if the stock declines below ₹470.
If that happens, the share price can fall to ₹400 and lower. But such a fall looks less likely. We expect the uptrend to remain intact. Rail Vikas Nigam share price can rise to ₹800 in the coming months. Revise the stop-loss up to ₹620 when the stock moves up to ₹680. Move the stop-loss further up to ₹720 when the price touches ₹760. Exit the stock at ₹800.
What is the outlook for the stock of Indo Count Industries (ICIL)? I have bought this stock at ₹438.
Santosh Kumar
Indo Count Industries (₹380): The stock has been in a strong uptrend since April last year. The share price surged to a high of ₹450.45 last month and has come down from there. But the uptrend is still intact. Strong support is around the ₹350-340 region. As long as the stock stays above ₹340, the uptrend will remain intact. So, the stock can rise back to ₹450-460 again. A decisive break above ₹460 can take Indo Count Industries share price up to ₹550-600 in the coming months.
You have entered this stock near the peak. You can consider accumulating this stock at around ₹360. Keep a stop-loss at ₹320. Move the stop-loss up to ₹410 as soon as the stock goes up to ₹470. Move the stop-loss up to ₹470 when the price touches ₹520. Exit the stock at ₹580. The bullish outlook will go wrong only if the stock declines below ₹340. If that happens, there is a danger of the price tumbling towards ₹300-250.
I have Tarsons Products’ shares at ₹534. I am holding this stock since November 2022. What is the technical outlook for this stock?
Nooveeksha Reddy
Tarsons Products (₹423): This stock has been in a strong downtrend since September 2022. The downtrend is still intact. The stock has been struggling to make a sustained break above ₹500 since mid-June this year. The outlook is bearish. Tarsons Products share price can fall to ₹335 from here. A break below ₹400 can trigger this fall. The region between ₹500 and ₹550 will be a strong resistance zone for the stock.
A strong rise above ₹550 is needed to turn the sentiment positive and become bullish. Only then the share price can rise to ₹700-800 again. But such rise looks unlikely at the moment. So considering the chances for more fall from here, we suggest you exit the stock now and accept the loss.
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