Bombay Dyeing & Manufacturing Company: The stock has been on a downward trend since November last year, falling below a key support level of ₹143. This puts the stock at risk of dropping further to ₹100-95 initially, with potential for a decline to ₹60 and even ₹40 in the near future. A sustained rise above ₹143 is needed for a bullish outlook, but the chances seem slim. Given the historical price movement, it is advisable to cut losses and exit the stock at this point.
Tube Investments of India: The stock’s long-term uptrend since 2020 has been broken, with immediate support at ₹2,400. A bounce from this level to ₹3,000 is possible before a potential drop to ₹2,000-1,980. While a recovery above ₹3,000 may take time, setting a stop-loss at ₹2,380 is recommended. Utilize any bounce to exit at ₹2,980 or follow the stop-loss strategy for a controlled exit.
Radico Khaitan: The stock is currently in a correction phase, with support at ₹1,750-1,650 and resistance at ₹2,200-2,300. A bounce from support levels could lead to a bullish momentum towards ₹3,000-3,500 in the long term. Consider buying at dips around ₹1,750 and ₹1,680 with a stop-loss at ₹1,420, adjusting it as the price moves up to protect profits and limit losses.
Apollo Hospitals Enterprise: The stock has seen a sharp decline from its peak at ₹7,543, with immediate support at ₹6,000 and a further support at ₹5,700. A rebound from these levels could push the price towards ₹6,600 or even ₹7,000, with a breakout above ₹7,000 signaling a bullish trend towards ₹8,000 and higher. For short-term trading, consider buying at ₹5,800 with a stop-loss at ₹5,600, adjusting it as the price moves up to secure gains and minimize risks.
Overall, it is essential to monitor the market conditions and adhere to stop-loss levels for a disciplined approach to trading these stocks.
