Bank of India (₹133.90)
Hits higher highs
The stock of Bank of India began its recent uptrend in April on the back of the support at ₹92. After facing some challenges at ₹128 in the recent months, the bulls have now taken the price above this level. This has opened the door for further appreciation. While there is a possibility for a decline from the current level to ₹120, we expect the stock to eventually rise to ₹200.
Therefore, participants can consider buying the stock now at ₹133 and on a dip to ₹120. Stop-loss can be ₹105. When the price goes up to ₹160, trail the stop-loss to ₹140. On a rally to ₹180, alter the stop-loss to ₹165. Exit at ₹200.
Jindal Steel (₹1,007.60)
Set to rebound
Jindal Steel’s stock, which has been in a long-term uptrend, faced a price correction recently. It started to fall from ₹1,075 and is now hovering around the support at ₹1,000, where a trendline coincides. As the broader trend is up and there is strong support at the current level, we expect a resumption in the rally soon. It can appreciate to ₹1,120 in the near term.
So, buy now at ₹1,007 with a stop-loss at ₹975. When the price rises to ₹1,050, move the stop-loss higher to ₹1,000. Tighten the stop-loss further to ₹1,050 when the stock moves up to ₹1,090. Exit at ₹1,120.
LT Foods (₹425.05)
Forms a morning star pattern
The stock of LT Foods has been appreciating over the past two weeks. The weekly chart shows that it has confirmed a morning star candlestick pattern, indicating a bullish trend reversal. That said, from the current level, the price might see a decline, possibly to ₹410. But then, we expect the stock to resume the rally and head to ₹500 before the end of this year.
So, traders can buy now at ₹425 accumulate at ₹410. Place stop-loss at ₹380 at first and revise this to ₹440 when the price touches ₹470. Tighten the stop-loss further to ₹468 when the stock hits ₹485. Book profits at ₹500.
Published on October 25, 2025
