Here are answers to readers’ queries on the performance of their stock holdings.
I am a long-term investor and have purchased shares in Bajaj Electricals and KNR Constructions. What is the technical outlook for these two companies?
Ramprasad V
Bajaj Electricals (₹383.4): After a strong rally in 2017 and early 2018, the stock of Bajaj Electricals registered a new high at ₹706 in April 2018. The stock subsequently changed direction and has been on an intermediate-term downtrend since then. The stock tumbled sharply this July breaking below a key longterm support in the band between ₹425 and ₹440. However, it found support at the next crucial long-term base at ₹340 in late July and has been in a medium-term sideways movement in the ₹340-425 range. The stock can continue to move sideways for a while. Investors with a longterm perspective can stay invested with a stop-loss at ₹315.
Esta historia es de la edición October 14, 2019 de The Hindu Business Line.
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Esta historia es de la edición October 14, 2019 de The Hindu Business Line.
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