Technical Portfolio Guide
TRENT LTD.
CMP: ₹5,321.95
BSE Code: 500251
I have been holding Trent for the past two years. Is this a good time to book profits? - Aditya Verma
HOLD TRENT WITH A STOP LOSS AT RS 5,177 AND REVIEW AFTER Q1 EARNINGS.
The stock has given a whopping 400 per cent return since January 2023. There is no weakness visible in the stock ever after this massive rally. For the last five weeks, the volumes have been recording low and much below the average. The RSI and MACD are in the extreme zones and the Relative Strength line is at a new high, showing an outperformance. In Q4FY24, the company registered a 522 per cent growth in the EPS, which is a significant fundamental factor. For the past 8 quarters, the company has maintained over 53 per cent sales growth. With a 32 per cent RoE, the stock fundamentally and technically looks very sound. There is no point in exiting the stock currently. If you want to protect the profit, keep a stop loss at a 10-week average of Rs 5,177 and wait for the Q1 earnings.
TATA TECHNOLOGIES LTD
CMP: ₹1,009.25
BSE Code: 544028
What's your view on Tata Technologies? - Hemant Malkan
AVOID TATA TECHNOLOGIES FOR NOW AND WAIT FOR A STAGE-1 BASE FORMATION AND BETTER EARNINGS PERFORMANCE.
Post-listing, the stock is continuously declining and failed to form a higher high and the volumes were also very low. Currently, trading below the 10-week average, the earnings growth is not impressive as well. The only positive factor is institutional investors are increasing their stake in the company. The number of institutions invested in the company has increased to 115. The stock is not in a buy zone now. Wait for a Stage-1 base to form and watch earnings. Any earnings surprises and improvement in the relative strength of the price will be positive. Until then, avoid the stock.
FIRSTSOURCE SOLUTIONS LTD.
CMP: ₹245.30
BSE Code: 532809
I'm holding 200 shares of FSL. What's the technical target for the stock? - Sunil Gupta
MAINTAIN A STOP LOSS AT THE BREAKOUT LEVEL OF RS 229 FOR THE SHORT-TERM TARGETS OF RS 300.
The stock is trading at a new high and the volumes were highest in the past two weeks. The earnings improvement in the past three quarters has resulted in the price breakout. Its relative strength in price is at a new high and the institutions are accumulating the stock. Two weeks ago, the stock broke out of a 9-week cup pattern. Currently, the stock is 11 per cent above the pivot and before reaching its pattern target, it may consolidate for a week. As you did not mention the entry price, we can suggest you maintain a stop loss at the breakout level of Rs 229.
STATE BANK OF INDIA
CMP: ₹893.40
BSE Code: 500112
Could you share a technical view on the State Bank of India stock? - Praveen Kumar
STAY POSITIVE ON SBI STOCK; ACCUMULATE ON DIPS DUE TO STRONG EARNINGS AND SECTOR LEADERSHIP.
The stock is trading near its all-time high levels. Following the post-election results, the stock has formed higher highs and lows, outperforming both the broader market and the sector index. In the last quarter, earnings improved by 24 per cent, with a return on equity (RoE) of 18 per cent. The earnings momentum is strong, indicating that the stock price may continue to rise from current levels. With the interest rate cycle nearing its end, expect growth in disbursements and improved net interest margins (NIMs). Stay positive on the stock and consider accumulating on dips.