I have bought Bajaj Housing Finance shares at ₹145. Should I continue to hold the stock or exit?
Sunitha, Mumbai
Bajaj Housing Finance (₹110.15): The stock has been in a strong downtrend ever since it got listed in September last year. There is no sign of a trend reversal. Resistances are at ₹115 and ₹123. The stock has to rise above ₹123 to indicate a bullish trend reversal. But that looks less likely. The downside is still open to see ₹105-100 as long as the stock stays above ₹115.
So, it’s better to exit the stock and accept the loss. You can consider reinvesting the sale proceeds to buy Prestige Estates Projects shares explained in the next query. Buy the stock now and follow the same strategy. It is always important to have a stop-loss. It will help in minimising the loss if the view goes wrong.
I am holding Prestige Estates Projects at ₹1,587. What is the outlook for the next six months?
Yuvaraj J
Prestige Estates Projects (₹1,752.95): The outlook is bullish. The strong rise above ₹1,650 this month indicates a bullish trend reversal. It marks the end of the downtrend that was in place since June last year. Cluster of supports are there in the broad ₹1,700-1,600 region now. The stock can rise to ₹2,000-2,100 over the next six months.
From a long-term perspective, there is potential to target ₹2,600 over the next one or two years. So, you can consider holding the stock for long-term. Keep a stop-loss at ₹1,590 now. Move the stop-loss up to ₹1,820 when the price goes up to ₹2,050. Revise the stop-loss up to ₹2,030 and ₹2,350 when the share price reaches ₹2,280 and ₹2,450 respectively. Exit the stock at ₹2,550.
I bought Lloyds Metals and Energy shares at ₹1,450. What are the important levels to watch and what is the outlook?
Rakesh, Delhi
Lloyds Metals and Energy (₹1,335.10): The long-term trend is up. A strong trendline support is at ₹1,230. The stock has to break this support to become bearish. If that happens, there is danger of seeing a fall to ₹1,100-1,000. But as long as the stock sustains above ₹1,230, the uptrend will remain intact. Intermediate resistance is around ₹1,500.
A strong break above it can take the stock up to ₹1,800 over the next three-four quarters. If you have the risk-appetite, then buy more at ₹1,300. Keep the stop-loss at ₹1,180. Move the stop-loss up to ₹1,480 as soon as the stock goes up to ₹1,560. Revise the stop-loss up to ₹1,600 and ₹1,720 when the price touches ₹1,660 and ₹1,760 respectively. Exit the stock at ₹1,800.
I have shares of Sandur Manganese & Iron Ores. My purchase price is ₹137. What is the outlook for this stock?
Venkat, Gobichettipalayam
Sandur Manganese & Iron Ores (₹215.35): The stock has moved up sharply over the last couple of months. The outlook is bullish. Strong support is now in the ₹190-180 region. Resistance is at ₹230 which is holding well for now. Failure to rise past ₹230 can trigger a corrective fall to ₹190. But thereafter stock can reverse higher again.
An eventual break above ₹230 can take the share price up to ₹310 in the coming months. You can exit 25 per cent of your holding at current levels and book some profit. Keep the stop-loss at ₹175 for the rest of the holding. Revise the stop-loss up to ₹210 when the price goes up to ₹240. Move the stop-loss further up to ₹260 when the price touches ₹290. Exit the stock at ₹310.
Send your questions to techtrail@thehindu.co.in
Published on October 25, 2025
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
