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I have shares of Reliance Industries bought at ₹1,400. What is the outlook?
Sitara
Reliance Industries (₹1,300): The long-term outlook is bullish for Reliance Industries. A strong support is at ₹1,150-1,100 which is holding very well. Resistance is at ₹1,350. A strong break above it can take the Reliance Industries share price up to ₹2,000 over the next four to six quarters. However, failure to breach ₹1,350 can keep the stock in a range of ₹1,100-1,350 for some time.
You can buy more at current levels. Keep the stop-loss at ₹1,060. Revise the stop-loss up to ₹1,320 when the price goes up to ₹1,390. Move the stop-loss up to ₹1,450 and ₹1,650 when the price touches ₹1,600 and ₹1,900. Exit the stock at ₹2,000. This bullish view will go wrong only if the price declines below ₹1,100. In that case, though less likely, the share price can fall to ₹900-880.
I have shares of Tata Power Company. What is the outlook?
Nagaraj, Nagercoil
Tata Power Company (₹387.30): The long-term trend is up. Within that the stock is in a corrective fall since October last year. There is room on the downside to see ₹300. But a fall beyond ₹300 is unlikely. A fresh leg of rally from around ₹300 can take Tata Power Company share price up to ₹600 in a year or two.
Since you have not mentioned your purchase price, it is difficult to give a precise advise. However, if you are a long-term investor, buy more at ₹340 and ₹320. Investors who want to enter this stock can also buy at the above levels. Keep the stop-loss at ₹230. Revise the stop-loss up to ₹380 when the price goes up to ₹450. Move the stop-loss further up to ₹450 when the price touches ₹530. Exit the stock at ₹600.
What is the outlook for Apollo Micro Systems? Can I buy the stock now?
Swetha, Mumbai
Apollo Micro Systems (₹111.65): The stock has been volatile and oscillating in very wide range for more than a year. The trading range has been ₹88-₹160 since November 2023. Within this range, the stock has been coming down now. There are good chances to see a fall to 100 and even 88 – the lower end of the range in the next two-three months.
A bounce from the ₹90-88 region can take the share price upto ₹130-150 again. But a break below ₹88 will be very bearish. Such a break will see Apollo Micro Systems share price tumbling to ₹60-50 . A sustained break above ₹160 is needed to become bullish again. Only then a rise to ₹200 will come into the picture. For now since the outlook is mixed, it is better to stay out of this stock.
What is the outlook for Indian Hume Pipe Company?
KishorÂ
Indian Hume Pipe Company (₹398.85): The stock is in a strong downtrend since September last year. The recent bounce from the low of ₹283 looks like a corrective rise within the broad downtrend. The level of ₹410 is a crucial resistance which has to be broken to see a fresh rally to ₹600 again.
As long as the stock trades below ₹410, there is a danger of seeing a fall to ₹250 in the coming months. Also, looking at the historical price action, the recent fall looks similar to that the earlier down trend that happened from September 2017 to March 2020. So, if history repeats itself, then the is a big danger of Indian Hume Pipe Company share price tumbling to ₹150 in the next one-two years. So, it is better to stay out of this stock for now.
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Published on April 26, 2025
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