I have bought Welspun Living at ₹180. What is the outlook for this stock?
Akshay, Jaipur
Welspun Living (₹143.85): The stock is in a downtrend since late August last year. Resistance is around ₹150. Failure to break this hurdle and a fall below ₹120 will keep the downtrend intact. That can drag the price down to ₹95 – an important long-term support. A strong rise above ₹150 is needed to indicate a trend reversal and go up to ₹200-210 again.
On the chart, it looks like one more leg of fall to ₹95 is more likely to happen before the trend reversal is seen. So, it is better for you to exit the stock now with minimum loss rather than waiting for a rise. Maybe you can consider entering the stock around ₹95 again.
I have bought HG Infra Engineering shares at ₹980. I missed to exit when the price rose to ₹1,800. What should I do now?
S Narayanan, Chennai
HG Infra Engineering (₹1,062): The trend is down since July last year. You should always have a trailing stop-loss to protect your profits and exit at the right time when the trend reverses. A crucial support is at ₹925. A break below it can drag the stock down to ₹650. The stock has to sustain above this support and rise above ₹1,200 to get some breather.
Only then a rise to ₹1,500 and higher levels will come into the picture. But since you missed the previous rally, as a part of trade discipline you can exit the stock with some profit now.
What is the outlook for Hatsun Agro Product. My average purchase price is ₹607.
Devesh Shah
Hatsun Agro Product (₹952.95): The stock has been moving in a wide range for almost four years now. Support is around ₹780. As long as the stock stays above this support, there are good chances to see a rise within the range to ₹1,200-1,300. This rise may happen over the next one year. A decisive rise above ₹1,400 is needed to become bullish for a rally to ₹2,000.
On the other hand, a break below ₹780 will be bearish to see ₹600 and lower levels. Keep a stop-loss at ₹740 and hold the stock. Move the stop-loss up to ₹1,040 and ₹1,150 when the price goes up to ₹1,100 and ₹1,200. Exit the stock at ₹1,330.
I have bought Angel One stock at ₹3,271. What is the outlook?
Chethana V
Angel One (₹2,775): The stock is moving inside a bear channel since January last year. The recent reversal from a high around ₹3,283 made last month is happening from near the channel resistance. That leaves the chances high for the stock to fall towards ₹2,000 – a strong trend line support. So, it is better to exit the stock now and accept the loss.
The level of ₹2,000 is a strong support. A sustained bounce from there can take the stock upto to ₹3,000- 3,200 again. So, you can consider buying the stock again around ₹2,000. In case a break below ₹2,000 is seen, then the stock can tumble to ₹1,600 – the lower end of the bear channel.
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Published on July 5, 2025
