Comments
The short-term outlook is bullish. The stock has surged over 8 per cent on Thursday. This rise has taken the share price well above the key resistance level of ₹416. It also marks the resumption of the overall uptrend in this stock. Aegis Logistics share price can rise to ₹460 over the next two-three weeks. Strong support is in the ₹416-₹413 region. Intermediate dips if seen are likely to limited to this support zone.
Fresh buyers are likely to come into the market at lower levels. Traders can go long now at ₹426. Accumulate on dips at ₹418. Keep a stop-loss at ₹408. Trail the stop-loss up to ₹431 as soon as the stock moves up to ₹438. Move the stop-loss further up to ₹442 when the price touches ₹447. Exit the long positions at ₹455.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.