I bought Britannia Industries shares at ₹5,165. What is the outlook? Can I continue to hold?
Neeraj, Patna
Britannia Industries (₹4,755): The price action since November 2023 indicates a possible double-top pattern formation. This is a bearish reversal pattern. On the weekly chart, the price has come down below the 200-Week Moving Average (WMA). This is the first time the price has seen a sustained fall below the 200-WMA. In the previous instances, the share price has always made an immediate rise after testing this 200-WMA. The outlook is negative. Resistances are at ₹5,220, the 200-WMA and ₹5,310. Share prices of Britannia Industries can fall to ₹4,200-₹4,100. After this fall, a corrective bounce to ₹4,600 is a possibility. A decisive rise above ₹5,310 is needed to clear the way for revisiting ₹6,000 levels. But that looks less likely. Exit the stock and accept the loss.
I have shares of JSW Energy. My average purchase price is ₹563. Should I exit or wait?
Aparna, Thrissur
JSW Energy (₹513): The recent bounce from the low of ₹440 made in October is very significant. This bounce is happening from a strong long-term trendline support. The outlook is positive. Strong support is in the ₹450-₹430 region. The stock can rise to ₹630 in the short term. A decisive break above ₹630 will be bullish from a long-term perspective. Such a break can take JSW Energy share price higher to ₹1,100 over the next one year. Keep a stop-loss at ₹420 and hold the stock. Accumulate if a dip to ₹390 happens. Move the stop-loss higher to ₹580 when the price goes up to ₹610. Revise the stop-loss higher to ₹630, ₹780 and ₹910 when the share price touches ₹740, ₹880 and ₹990, respectively. Exit the stock at ₹1,050.
I bought Urban Company shares at ₹153. How far can the price go? What can be my target?
Shreya, Kolkata
Urban Company (₹168.70): We do not have a long historical data since the stock got listed in September last year. So, it will be difficult to give a long-term outlook. However, we will give here the short-term forecast. Immediate support is at ₹151. There is potential to see ₹200-₹205 in the short-term. If the price manages to breach ₹205, then an extended rise to ₹230 is possible. Keep a stop-loss at ₹128 and hold the stock. Move the stop-loss up to ₹158 when the price goes up to ₹178. Revise the stop-loss higher to ₹191 and ₹212 when the price touches ₹197 and ₹220, respectively. Exit the stock at ₹230. In case the price turns down from the ₹200-₹205 region, then adhere to the stop-loss and exit at ₹191.
I have Lemon Tree Hotels shares. My purchase price is ₹145. Can I accumulate now? What is the outlook?
Ishaan, Goa
Lemon Tree Hotels (₹122): The trend is down since September last year. However, the recent price action indicates a base formation above ₹100. This gives an early indication that the downtrend could be coming to an end. Resistance is in the ₹130-₹135 region. A strong break above ₹135 will be bullish. It can then take the share price higher to ₹160 initially. An eventual break above ₹160 will then trigger a fresh rally to ₹220 in the long term. You can accumulate at current levels. Keep a stop-loss at ₹97. Move the stop-loss up to ₹130 when the price goes up to ₹145. Revise the stop-loss higher to ₹158 and ₹185 when the share price touches ₹175 and ₹198, respectively. Exit the stock at ₹215.
Please send your questions to techtrail@thehindu.co.in
Published on November 14, 2026
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