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B. Krishnakumar

The price movement was in line with expectations. After an initial weakness, the trend turned bullish as the week progressed. The recent price patterns have confirmed the long-term positive outlook outlined last week. The stock appears on course to move to the target zone of Rs 1,050-1,100.

Though the positive outlook would be invalidated on a close below Rs 750, it would be impractical to have a stop loss at this level as it would be too wide from a money management perspective. Investors may, therefore, settle for a stop-loss at Rs 805. Fresh exposures may also be considered on intra-day weakness, with a stop-loss at Rs 805.

Arvind Mills: Near-term positive

The stock did not move in line with expectations. Contrary to the expected positive outlook, the stock ruled weak. Except for an upward move on Monday, the trend remained bearish in the remaining days of the week. This has not, however, negated the positive outlook. The stock appears on course to move to the target zone of Rs 112-115.

Only a close below Rs 89 would negate the positive outlook for the stock. Remain invested with a stop-loss at Rs 89. Fresh exposures may be considered at prevailing levels as well as on declines, with a stop-loss at Rs 89. — B. Krishnakumar

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