Tech Query: KNR Constructions, NCC, Raymond, Transrail Lighting – What Is The Outlook? Where Are These Stocks Headed? 

I have shares of KNR Constructions bought at ₹208. What is the outlook?

Maheshwari s

KNR Constructions (₹134.50): The stock has been in a strong downtrend since August 2024. It has also broken the crucial long-term support level of ₹162. There is room for a further fall to ₹120-119, the next important support zone. If the stock manages to bounce from this support, a corrective rise to ₹170 is a possibility.

But, for a bullish trend reversal, a break above ₹200 and a subsequent rise past ₹250 is necessarily needed. That looks less likely at the moment. Even if that happens, it may take a very long time. So, it is better to exit the stock here and accept the loss. As we always insist in this column, it is important to have a stop-loss. That will help you in minimising the loss in case the view goes wrong.

I have bought NCC shares at ₹210. What is the long-term outlook?

Keerthana, Chennai

NCC (₹142): The downtrend that has been in place since August last year is strong and still intact. The recent fall has dragged the share price well below an important support level of ₹169. The region between ₹170 and ₹175 will now act as a strong resistance and cap the upside. NCC share price can fall to ₹120-115 from here.

After this fall there are chances to see a corrective rally to ₹150-160. The stock has to rise above ₹200 in order to turn the outlook bullish again. For this to happen, it has to sustain above ₹115 and get a strong rise back. However, considering the time factor and the chances for more fall from here, it is better to exit the stock now and accept the loss.

 I have shares of Raymond. My purchase price is ₹725. What is the outlook?

R Srinivas

Raymond (₹370): The stock is in a strong downtrend since July last year. The recent fall below ₹440 confirms a double top bearish reversal pattern. The stock can fall to ₹330 from here. Any bounce thereafter can be capped at ₹450. In case the price declines below ₹330, then there is a danger of seeing a steep fall.

In that case, the stock can tumble to ₹200 or even ₹100 in the coming months. A strong rise above ₹450 is needed to give the stock a breather and turn the outlook positive. But that might need some strong positive trigger and may also take some time. As the stock has room to fall more, you can accept the loss and exit the stock here.

I have shares of Transrail Lighting bought at ₹740. What is the outlook based on charts?

Ummachan Thomas

Transrail Lighting (₹459): As the stock got listed in December 2024, the one-year data is not enough to do a concrete analysis. However, from the available data, it looks like the stock is in a strong downtrend. There is no sign of a reversal yet. Some support is around ₹440. A bounce from there can trigger a corrective rise to ₹550 or so.

But the trend will continue to remain down. The stock has to rise above ₹575 in order to indicate a bullish trend reversal. Only then the upside will open up for a revisit of ₹700 levels. Such a strong rise looks unlikely. It is better to exit the stock now and accept the loss.

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Published on January 24, 2026