I’ve shares of Trident introduced at ₹6.40. What’s the long-term prediction for this inventory? Can I proceed to carry it?

Arun Kumar, Coimbatore

Trident (₹39.50): You’ve gotten caught this inventory on the backside. It’s now essential so that you can shield your income. The long-term image is trying constructive on the charts though there’s room to fall from right here. Important helps are at ₹36 and ₹33. Beneath that, ₹28 is a really sturdy help. Trident share value has to say no beneath ₹28 to change into bearish once more. However the likelihood is trying excessive for the inventory to maintain above ₹33 itself. Preserve a stop-loss at ₹31 and maintain the inventory.

Trident share value can surge to ₹65-70 within the coming months. The possibilities of a rally past ₹70 additionally can’t be dominated out. Revise your stop-loss increased to ₹37 as quickly because the inventory strikes as much as ₹53. Transfer the stop-loss additional as much as ₹55 when the worth touches ₹68. Exit 40 per cent of your holdings at ₹70. Revise the stop-loss for the steadiness holdings to ₹60. For each ₹5 rise thereafter, transfer the stop-loss additionally increased by ₹5. Exit the inventory fully at ₹85.

I’ve shares of Goodluck India. My common buy value is ₹890. What’s the outlook for this inventory?

Pavan Varma, Nadimpalli

Goodluck India (₹916.70): The inventory topped out at ₹1,168.80 earlier in January this 12 months. The share value has declined sharply from there. Robust resistance is within the ₹950-1,000 area. Goodluck India share value should rise previous ₹1,000 to change into bullish once more. Wanting on the charts, that rise above ₹1,000 is likely to be troublesome. As such, we are able to count on the inventory to fall extra from right here. On the charts, there’s room for Goodluck India share value to fall to ₹770 and even ₹680 within the coming months.

So, it’s higher to exit the inventory at present ranges with minimal revenue. You’ll be able to contemplate reinvesting the sale proceeds in another inventory that appears good on the chart. You’ll be able to even contemplate Trident, defined within the earlier question. Comply with the identical technique as given there. The bearish view on Goodluck India will go fallacious if it breaches ₹1,000 from right here. If that occurs, then this inventory can rise to ₹1,350.

What’s the outlook for Hindustan Motors? I’m holding this share at a mean value of ₹18 as a medium-term funding. Ought to I proceed to carry or exit at present ranges? Please advise.

Saranya Gosh Sinha

Hindustan Motors (₹40.10): The outlook is bullish. The inventory has surged previous a key resistance stage of ₹26. Wanting on the long-term image, there’s room for Hindustan Motors share value to focus on ₹60-61 within the coming months. Preserve a stop-loss at ₹24 and maintain the inventory. Transfer the stop-loss as much as ₹33 as quickly because the inventory strikes as much as ₹49. Transfer the stop-loss additional as much as ₹50 when Hindustan Motors share value touches ₹58.

Exit the inventory at ₹60. The volatility on this inventory could be very excessive. It has made some wild swings up to now. So, it will be significant so that you can observe the revisions within the stop-loss talked about above rigorously. Additionally, ensure that to exit at ₹60. If a turn-around occurs, then the share value can fall very quick.

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