Can I buy Vedanta at current levels? What is the short-term outlook?
Thiagarajan Christy Rajashegaran
Vedanta (₹667): The stock has come down after hitting a high of ₹770 last month. Immediate resistance is around ₹700. A short-term corrective fall to ₹580-₹560 is possible. A fresh rise thereafter can take Vedanta share price up to ₹700 and even ₹800. For now, you can stay out of this stock. Wait for dips and buy the stock at ₹590 and ₹570.
Keep the stop-loss at ₹510. Trail the stop-loss up to ₹690 as soon as the stock goes up to ₹720. Revise the stop-loss higher to ₹715 when the price touches ₹730. Exit the stock at ₹740. If the price fails to bounce from ₹560 and breaks below it, then there is a danger of seeing ₹480 on the downside. So strictly adhere to the stop-loss if you are taking this trade.
I bought Crompton Greaves Consumer Electricals shares at ₹330. What is the short-term outlook?
Rajan MS
Crompton Greaves Consumer Electricals (₹245): The stock is in a strong downtrend since September 2024. The fall last month has dragged the price well below a crucial support level of ₹250. Resistance will now be in the ₹255-265 region. A strong rise above ₹265 is needed to get a relief rise to ₹310. But that would need some strong trigger.
Failure to breach ₹265 and a reversal from there will increase the danger of the price tumbling towards ₹180. Ideally, Crompton Greaves Consumer Electricals share price has to rise past ₹310 to indicate a bullish trend reversal and become bullish. That seems to be not happening any time soon. So, it is better to exit the stock and accept the loss.
I bought KPIT Technologies at ₹1,306. Should I continue to hold or exit the stock?
CG Dhanush
KPIT Technologies (₹959): The fall over the last few weeks has dragged the share price well below a crucial support level of ₹1,100. This fall indicates that the broader downtrend has resumed. Cluster of resistances are there in the ₹1,100-₹1,250 region which can cap the upside if there is a bounce. The outlook is bearish. KPIT Technologies share price can fall further to ₹750.
Exit the stock now. We always insist in this column on the importance of having a stop-loss. This will aid in minimising the loss in case our view goes wrong. There is a danger of getting stuck in a wrong trade by not having a stop-loss. So, next time when you enter a trade, have a stop-loss at the first place.
I have bought Titagarh Rail Systems at ₹1,412. Should I continue to hold this stock or exit?
Anand G, Chennai
Titagarh Rail Systems (₹780): The stock has been broadly stuck in a sideways range since June this year. In the short term, there are chances to see a fall to ₹670-650, in the coming months. The region around ₹650 is an important support. We can expect the stock to rise back from around this support and go up to ₹1,000 over the medium term.
A subsequent rise above ₹1,000 thereafter will be bullish to see ₹1,500-₹1,600 levels over the long term. If you are a long-term investor, buy more at ₹690. Keep the stop-loss at ₹580. Trail the stop-loss up to ₹930 as soon as the stock goes up to ₹1,100. Revise the stop-loss higher to ₹1,150 and ₹1,300 when the price touches ₹1,250 and ₹1,400 respectively. Exit the stock at ₹1,500.
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Published on February 7, 2026
