What Is The Outlook For Steel Authority of India (SAIL), Equitas Small Finance Bank, Websol Energy System, Bharat Electronics (BEL)?

Table of Content


I have shares of Steel Authority of India (SAIL). What is the outlook?

Arun

SAIL (₹110.85): The stock has been in downtrend since May last year. But from a big picture, this is a correction within the broad uptrend that has been in place since April 2020. A crucial support is in the ₹100-98 region which is holding well for now. A decisive rise above ₹120 will mark the end of the correction.

That leg of rally will have the potential to target ₹180-200 over the next one year. A sideways consolidation between ₹100 and ₹120 is also a possibility before this rally to ₹180 happens. Buy SAIL now and accumulate at ₹104.  Keep the stop-loss at ₹84. Trail the stop-loss up to ₹120 as soon as the stock goes up to ₹145. Move the stop-loss further up to ₹150 when the price touches ₹165. Exit the stock at ₹180.

What is the outlook for Equitas Small Finance Bank?

Abinaya, Kochi

Equitas Small Finance Bank (₹59.25): The downtrend that has been in place since January last year is still intact. Indeed, there is room to fall more from here. The next important support is at ₹50 which can be tested in a month or two. Possibly the stock can find a bottom around ₹50. A bounce from ₹50 can take the share price up to ₹65.

A further rise above ₹65 will confirm the trend reversal. It can then clear the way for seeing ₹100 and higher levels over the long term. Investors with a long-term perspective, who can wait patiently can buy the stock at ₹53. Keep the stop-loss at ₹42. Trail the stop-loss up to ₹58 when the price goes up to ₹66. Move the stop-loss further up to ₹70 when the price touches ₹80. Exit at ₹95.

I had bought shares of Websol Energy System at ₹1,594. What is the outlook? Should I continue to hold or sell?

Ronak Sahai

Websol Energy System (₹920.35): Any position in the market should never be taken without a stop-loss in first place. We have been reiterating the importance of having a stop-loss in this column frequently. You have made the entry into this stock after the price had rallied very sharply in a short span of time. Ideally you should have exited the stock when the price fell below ₹1,250. There is support near ₹800 now.

But we may not get a strong rally towards ₹1,500 and higher as was seen in 2024. You can consider two options. First is to exit the stock immediately. Second option is to have a stop-loss at ₹770 and exit on a rise at ₹1,160. If this rise does not happen, then adhere to the stop-loss and come out of the stock.

What is the outlook for Bharath Electronics (BEL)? Can I buy the stock now?

T Raveendran, Chennai

Bharat Electronics (₹277): The stock had made a stellar rally from around ₹20 in 2020 to a high of ₹340 in July last year. Since then, the price has been in a correction phase

With in the broad uptrend. A possible flag formation on the chart keeps alive the broader uptrend. Crucial support is at ₹230. The outlook will turn bearish if the stock breaks below this support. Such a break can drag the share price down to ₹180 or ₹160. Also to indicate the resumption of the uptrend, the stock has to rise past ₹310.

Only then the upside will be open to see ₹400 and higher levels. So, for now, stay out of this stock. You may look to enter it after the price breaks above ₹310. Keep the stop-loss at ₹280 and exit the stock at ₹400.

Send your questions to techtrail@thehindu.co.in





Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

The Union budget has set a new five-year target to cut the central government’s debt to 50% of gross domestic product, give or take 1%, by 31 March, 2031. The budget, presented by finance minister Nirmala Sitharaman on Saturday, also sought to signal the Narendra Modi administration’s commitment to fiscal prudence and infrastructure creation, including...

Budget sows seeds of change for agriculture but gaps remain

The Economic Survey called agriculture the “sector of the future” and the FM echoed this sentiment in her budget speech, emphasizing garib, youth, annadata and nari. Despite this focus, key gaps remain. Firstly, there is a budget cut for agriculture ministry. Despite the rhetoric, the Ministry of Agriculture and Farmers’ Welfare (MOA) saw a ₹3,500...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Quick Links

Popular Categories

Must Read

AIMPWA © 2025- All Right Reserved. Designed and Developed by  growGX.com