What’s the outlook for Laxmi Natural Industries? Can I purchase the inventory now
Disha, Kolkata
Laxmi Natural Industries (₹198.20): The outlook is bearish. The inventory has been in a powerful downtrend since September final 12 months. This fall has taken the share worth nicely beneath the important thing help degree of ₹220 final week. It additionally marks the tip of a two-year sideways consolidation. Transferring common crossovers on the weekly chart strengthens the bearish case.
Laxmi Natural Industries share worth can fall to ₹170-₹165 within the subsequent few weeks. Thereafter a bounce is feasible. Nevertheless, the inventory might discover it troublesome to rise above ₹220 once more. Which may want some sturdy constructive set off. Even when it manages to rise above ₹220, an eventual rise above ₹325 is required to show the outlook bullish. So, it isn’t advisable to enter the inventory now. Keep away from the inventory.
I’ve shares of GNA Axles purchased at ₹385. What’s the long-term outlook? Can I accumulate?
Siddharth
GNA Axles (₹328.20): The inventory was in a powerful uptrend since April 2020. However the break beneath ₹370 and the following fall within the final couple of weeks signifies a development reversal. There’s some help round ₹300 which may maintain on its first take a look at. A bounce from there can take the inventory as much as ₹350-₹370 once more. However thereafter a recent leg of fall can occur which may drag GNA Axles share worth beneath ₹300.
Such a fall will see the inventory tumbling in direction of ₹200 within the subsequent few months. Since there may be extra room to fall from right here, it isn’t advisable to carry the inventory and likewise accumulate anyplace. So, exit at present ranges and settle for the loss. Please keep in mind to have a stop-loss everytime you enter a place. That can assist in limiting the loss in case if there’s a sharp fall.
I wish to Spend money on NTPC for long run. What’s the outlook?
Kushal, Mumbai
NTPC (₹300.25): The share worth peaked at ₹448 in September final 12 months and has been coming down since then. This fall is a correction throughout the broad uptrend that had begun from November 2020. There isn’t any signal of the correction coming to an finish. NTPC share worth can fall to ₹250-240 from right here. This ₹250-240 is a powerful help the place the autumn can halt.
We will count on a recent leg of rally to start after that which may take the inventory as much as ₹350-400 once more. So it’s important to wait to purchase the inventory close to ₹250. Maintain the stop-loss at ₹210. Revise the stop-loss as much as ₹280 when the worth goes as much as ₹320. Transfer the stop-loss additional as much as ₹310 when the worth touches ₹350. Exit the inventory at ₹400.
I’ve purchased JSW Infrastructure shares at ₹304. What’s the long-term outlook for this inventory?
Subith
JSW Infrastructure (₹228.55): The development is down, and the outlook is bearish. The inventory has decisively damaged a key help degree of ₹270 this month. Quick resistance is at ₹250. Any intermediate bounce may be capped at this degree. Contemporary sellers are more likely to are available in at round ₹250. So long as the inventory trades beneath ₹250, the outlook will stay bearish.
So, the possibilities are very much less for the share worth to go above your buy worth. JSW Infrastructure share worth can fall to ₹200 from right here. After this fall, there is usually a bounce. But it surely may take a very long time to return above ₹300. So, it isn’t advisable to build up at ₹200. Exit the inventory now and settle for the loss moderately than ready with a hope for the share worth to bounce.
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