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I have NHPC shares purchased at ₹85. Can I accumulate here or exit the stock?
Prabhu S
NHPC (₹89.75): The stock has been in a strong downtrend since July last year. There is an early sign that this downtrend getting reversed. The stock is getting strong support in the ₹75-70 region. The price action indicates that the stock has formed a strong base above ₹70 . Moving Average crossovers on the daily chart also strengthens the bullish case. Minor resistance is around ₹93. The chances are high for the stock to break this resistance.
Such a break can take NHPC share price up to ₹115-120 in the coming months. Keep a stop-loss at ₹73 and hold the stock. Revise the stop-loss up to ₹91 when the price goes up to ₹96. Move the stop-loss further up to ₹103 when the price touches ₹112. Exit the stock at ₹117.
I have shares of Rajesh Exports. They are in huge loss. What are the chances of a recovery in the next one year?
K Venkatraman
Rajesh Exports (₹203.50): The stock tumbled to a low of ₹151 in March this year and is attempting to bounce from there. Support is around ₹160-150. There are chances to see a corrective rise to ₹300-350 and even ₹450 over the next one year. You have not mentioned your purchase price. So, it is difficult to give a precise advice.
If you wish to hold the stock, then you may have to be careful. Exit the stock around ₹350 or ₹450 since upside could be capped. If the stock declines below ₹150, then it can fall to ₹100. Considering the lack of strength, it is better to accept the loss and exit now. You can consider reinvesting the sale proceeds in some other stock that looks good on chart. Maybe you can buy NHPC explained in the previous query. Follow the same strategy.
I have bought Honeywell Automation India at ₹45,000. What is the outlook?
Chanan Das, Odisha
Honeywell Automation India (₹38,645.60): The downtrend that was in place since July last year found support around ₹31,500 in March this year. Although the stock has bounced back from there, the trend is still down. Cluster of resistances are there in the ₹40,000-42,000 region. The stock has to rise above ₹42,000 to indicate a trend reversal and become bullish.
Only then a rise to ₹62,000 and higher levels will come into the picture. If the stock remains below ₹42,000 and breaks below ₹31,500, then there is a danger of seeing ₹28,500 on the downside. From a long-term perspective, a fall beyond ₹28,500 is less likely. Watch the stock closely. If it struggles to rise above ₹40,000, then accept the loss and exit this stock. You can consider re-entering the stock again when the price falls to ₹30,000 and ₹29,000.
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Published on May 17, 2025
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