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B. Krishnakumar

Blue Star (Rs 381.2): The long-term outlook is bullish. The stock staged a breakout from a trading range last week.

The rise in price coupled with the pick-up in volume indicates the start of the next leg of the rally.

The stock appears to be headed towards the immediate target zone of the Rs 425-430 range.

The positive view would be valid as long as the stock holds above the stop-loss level of Rs 340; remain invested with a stop-loss at this level. Fresh exposures may also be considered on price weakness, with a stop-loss at Rs 340.

A close below Rs 340 would warrant liquidation of long positions.

Mangalam Cement (Rs 87.8): After an extended period of correction, the stock appears to have resumed the long-term uptrend last week. The upward move witnessed in the last couple of days is a pointer to the commencement of the next leg of the rally. The share price could move to the immediate target zone at the Rs 98-100 range. Long-term holders may wait for exit opportunities at the Rs 115-120 range.

The positive view would be valid till such time the stock holds above Rs 76.

Hold with a stop-loss at Rs 76. Fresh exposures may also be considered with a stop-loss at Rs 76.

Reduce holdings if the stock closes below the stop-loss level at Rs 76.

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