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B. Krishnakumar

KCP (Rs 126.8): The stock is in a long-term uptrend. It has just broken out of a "bull flag" pattern, with a huge pick-up in volume.

This would indicate that the next leg of the upward move is underway. The share price could move to the first target zone of the Rs 155-160 range in the near term.

The immediate support is at the Rs 110-115 range. A close below Rs 110 would negate the positive outlook. Investors may hold with a stop loss at Rs 109. Fresh exposures may also be considered with a stop loss at Rs 109. Exposures may be enhanced on price weakness, with the same stop-loss.

Aftek Infosys (Rs 126.5): The share price has comfortably moved past the target price of the Rs 110-115 range mentioned earlier (edition dated June 19). The long-term trend remains bullish and the stock could move to the next target zone of the Rs 155-160 range. Investors may hold with a stop-loss at Rs 105.

Fresh exposures may be considered on price weakness as the short-term outlook is negative. The stock is yet to complete the corrective phase that commenced at Rs 144.7 in mid-August. After testing the support level at the Rs 115-120 band, the stock is likely to start the next move towards the target zone at Rs 155-160. Exposures may be considered on price weakness, with a stop-loss at Rs 105. Exposures may be enhanced on a close above Rs 137.

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