I have shares of Ceat. My purchase price is ₹3,423. What is the outlook for this stock?
Geetha
Ceat (₹4,030): The long-term trend is up. But in the short term, there are chances to see a corrective fall. A strong resistance is at ₹4,500 which is holding well now. So, there is a danger of seeing a fall to ₹3,600-3,500 in the coming weeks. The downside can extend to ₹3,300 or even ₹3,000. You can exit 50 per cent of your holding at current levels.
Keep a stop-loss at ₹3,870 for the balance holding. If a rise to ₹4,500 happens first, then exit the balance holding at ₹4,430. So, the exit for the balance holding should be ₹3,870 or ₹4,430, whichever happens first. Once the expected fall happens, you can consider re-entering the stock at ₹3,240 and ₹3,080. Keep a stop-loss at ₹2,760. Target can be ₹4,780.
I have bought Poly Medicure shares at ₹2,157. What is the long-term outlook?
Subith
Poly Medicure (₹1,998.40): The stock is in a strong downtrend since November last year. An important support is in the ₹1,800-₹1,700. Presence of a long-term trend line and a Fibonacci retracement level make ₹1,800-₹1,700 a strong support zone. So, as bounce from there and a break above ₹2,150 can take the stock up to ₹2,400. An eventual break above ₹2,400 will confirm the bullish trend reversal. That in turn will clear the way for a rally to ₹4,000 over the long term.
If you have the risk appetite to hold the stock for the long term, then accumulate at ₹1,920. Keep a stop-loss at ₹1,420. Trail the stop-loss up to ₹2,120 when the price goes up to ₹2,380. Revise the stop-loss higher to ₹2,720 and ₹3,380 when the price touches ₹2,920 and ₹3,740 respectively. Exit the stock at ₹3,880.
I have shares of Rico Auto Industries. My purchase price is ₹90. What is the outlook for the next one year?
Sumesh, Chennai
Rico Auto Industries (₹83): The trend is down since April last year. The breakout above ₹100 witnessed in September this year failed to get a strong follow-through rise. The stock has come down sharply from the high of ₹113.25. Immediate support is at ₹78. A break below it can drag the stock down to ₹67 or even ₹47 in the coming months.
Barring the rise to ₹157 last year, the stock is broadly oscillating in a range. If this range is going to remain intact, then the chances of a fall to ₹47 and even lower levels is very high. So, it is better to exit the stock now with minimum loss. A sustained rise above ₹110 is needed to turn the outlook bullish for a rise to ₹170-₹180. That looks less likely for now.
What is the outlook for Shree Cement. I have this stock in my portfolio, and is underperforming.
Srikrishna, Bengaluru
Shree Cement (28,288.35): It is difficult to give a precise advice since the purchase price is not mentioned. However, you see the outlook here and take a call. The long-term trend is up. Strong support is in the ₹26,000-25,800 region which can be tested in the short term. The uptrend can resume from this support zone and a rise to ₹37,000-₹38,000 initially and ₹41,000 eventually over the long term is possible. Buy more ₹26,800. Keep the stop-loss at ₹24,400.
Move the stop-loss up to ₹30,300 when the price goes up to ₹34,200. Revise the stop-loss up to ₹35,200 and ₹37,500 when the price touches ₹37,300 and ₹39,800. Exit the stock at 40,600. Long-term investors who want to enter this stock can also consider it. Buy at aforementioned level and follow the same strategy.
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Published on November 1, 2025
