I have shares of State Bank of India (SBI) bought at ₹854. What is the short- and long-term outlook?
Vinod
SBI (₹816): The stock is stuck between ₹780 and ₹840 for about three months now. A decisive break above ₹840 will be very bullish to see ₹1,000-1,100 over the medium term. This rise is more likely to happen but may take some time. Strong support is at ₹710 which can limit the downside if the stock declines below ₹780. The rise to ₹1,000-1,100 will be negated only if SBI declines below ₹710, in which case a fall to ₹630 is possible.
But such a fall looks less likely. Hold the stock. Accumulate at ₹740 if a fall happens. Keep a stop-loss at ₹690. Move the stop-loss up to ₹820 when the price goes up to ₹880. Revise the stop-loss higher to ₹900 and ₹980 when the price touches ₹960 and ₹1,040 respectively. Exit the stock at ₹1,100.
I have bought Suzlon Energy shares at ₹65. Should I continue to hold or exit?
Manjunatha
Suzlon Energy (₹58.50): The stock has been coming down since June this year. That keeps intact the broader downtrend that is in place since September last year. Key support is at ₹55. A break below it can take the stock down to ₹47. In case the price falls below ₹47, there is a danger of it tumbling to ₹35-33 as well.
Ideally the stock has to breach ₹70 to turn the outlook bullish and rise back to ₹80-85 again. This might take a long time as the short-term bias is negative on the charts. So, the fall to ₹55 or ₹47 is more likely to happen first from here. As such it is better to exit the stock now with minimal loss rather than waiting with a hope for a reversal.
What is the short-term outlook for NTPC?
Ashish Pathrabe
NTPC (₹337): The trend is down since October last year. However, the short-term outlook is unclear. The stock is stuck between ₹320 and ₹345 for more than two months now. Resistance is at ₹365, and support is at ₹295. So, ₹295-365 will be the broad trading range within which the stock can oscillate. Within this range, the stock can go either way from current levels.
A breakout on either side of these two levels will decide the next move. A break above ₹365 will be bullish to see ₹450 and higher levels. On the other hand, a break below ₹295 will be bearish to see ₹260-250. Stay out of this stock for now rather than getting stuck on the wrong side. Trades can be taken in the direction of the ₹295-₹365 range breakout.
I have Sula Vineyards shares. My average purchase price is ₹400. I am a long-term investor.
Vimal Wilson
Sula Vineyards (₹267.45): The stock is in a strong downtrend since the last week of January last year. This downtrend is very much intact and there is no sign of a bullish reversal. Resistances are at ₹288 and ₹330. The stock has to rise above ₹330 in order to indicate a bullish trend reversal. Only then a rise to ₹450 and ₹500 will come into the picture.
Immediate support is at ₹240. A break below it can drag Sula Vineyard share price down to ₹160 and even lower. So, exit the stock and accept the loss. It is very important to have a stop-loss in place at the time of entering itself. We have insisted this many times in this column. That will aid in minimising the loss if the view goes wrong.
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Published on August 23, 2025
