I have bought Reliance Industries shares at ₹1,450. Can I hold it for long term?
Bolbin George
Reliance Industries (₹1,373.80): The long-term outlook is bullish. But in the short-term, there is room for a fall to ₹1,300 but not beyond that. A reversal from around ₹1,300 can take Reliance Industries share price up to ₹1,900-2,000 over the next couple of years. Buy more at ₹1,320. Keep the stop-loss at ₹1,060.
Revise the stop-loss up to ₹1,360 when the price goes up to ₹1,580. Move the stop-loss further up to ₹1,480 and ₹1,720 when the price touches ₹1,620 and ₹1,880 respectively. Exit the stock at ₹2,000. The bullish view will go wrong only if the stock declines below ₹1,100. But that looks unlikely at the moment as fresh buyers can come in around ₹1,300 itself and limit the downside.
I have shares of Hindustan Copper. Should I continue to hold or sell?
Pranesh Lazarus
Hindustan Copper (₹240): It is difficult to give a precise advice without knowing your purchase price. The stock is in a strong downtrend since May last year. Resistance is in the ₹270-300 region which is holding well for now. There are good chances for the stock to fall towards ₹190-185 in the coming months.
The downside can even extend up to ₹165-160. The region around ₹160 is a strong long-term support which can halt the fall. From a long-term perspective, a fresh rally from around ₹160 will have the potential to take Hindustan Copper share price up to ₹350-400 again. It is better to exit the stock now. You can consider buying the stock again when it falls to ₹185 and ₹160.
I have Federal Bank shares. My purchase price is ₹215. What is the short-term outlook?
Rajeev, Lucknow
Federal Bank (₹195.95): The stock is now range bound between ₹170 and ₹220. Supports are at ₹185, ₹178 and ₹172-170. A bounce from any of these supports can take Federal Bank share price up to ₹220 over the next three months. An eventual break above ₹220 can take the stock up to ₹245-250 thereafter.
Failure to breach ₹220 can keep the stock in a range of ₹170-220. If you are playing for the short term, buy more at ₹188. Keep the stop-loss at ₹168. Revise the stop-loss up to ₹190 when the price goes up to ₹205. Move the stop-loss further up to ₹200 and ₹220 when the share price touches ₹215 and ₹235 respectively. Exit the stock at ₹245.
What is the long-term outlook for Sun Pharmaceutical Industries? I have bought this stock at ₹1,550.
Name
Sun Pharmaceutical Industries (₹1,643): The trend is down since October last year. Immediate support is at ₹1,550. A break below it can drag the stock down to ₹1,400-1,370 over the next three to six months. On the other hand, if it manages to sustain above ₹1,550, a bounce to ₹1,750-1,800 is possible.
However, a decisive break above ₹1,800 is needed to bring back the bullishness. Only then a rise to ₹2,000 and higher levels can happen. Looking at structure on the chart, the danger of a fall to ₹1,400 is higher. Also, even if the stock sustains above ₹1,550, it might take a long time to breach ₹1,800. So, it is better to exit the stock and book some profit.
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Published on August 16, 2025
