BSE (₹2,385)
Resumes uptrend
The stock of BSE rallied nearly 14 per cent last week. This has brought back positive momentum. After facing some correction in price in the recent months, the stock now seemed to have aligned back with the long-term uptrend. Although there might be a decline in price from the current level, possibly to ₹2,230, the stock will eventually move to ₹3,000.
Therefore, participants can go long now at ₹2,385 and accumulate of the price dips to ₹2,230. Place stop-loss at ₹2,000. When the stock hits ₹2,600, revise the stop-loss to ₹2,380. On a rally to ₹2,800, alter the stop-loss to ₹2,680. Exit at ₹3,000.
PG Electroplast (₹585.90)
Bullish reversal
The stock of PG Electroplast, which was in a downtrend since April, found support at ₹495 in August. However, even though the fall stopped, there was no sign of the trend becoming bullish until last week. By rallying 14 per cent last week, the stock has now formed a morning star candlestick pattern on the weekly chart, indicating a potential bullish reversal in trend.
Going ahead, we expect the stock to appreciate to ₹800 over the medium-term. Buy now at ₹585 and ₹535. Place stop-loss at ₹460. When the price touches ₹680 and ₹750, alter the stop-loss to ₹600 and ₹680 respectively. Exit at ₹800.
Voltas (₹1,417.10)
Potential shift in trend
The stock of Voltas has appreciated for two weeks in a row. The price action since May shows a positive inclination as it has been forming higher highs and higher lows. This indicates a potential shift in trend. Although there is a resistance ahead at ₹1,450, we expect the stock to breach this level.
Once this happens, the stock can establish an uptrend to ₹1,900. So, buy the stock at ₹1,417 and add more longs if the price dips to ₹1,360. Place stop-loss at ₹1,300. When the stock hits ₹1,650, revise the stop-loss to ₹1,525. Alter the stop-loss to ₹1,700 when the price hits ₹1,800. Exit at ₹1,900.
Published on October 11, 2025
