Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
What’s the one-year outlook for the SpiceJet stock.
Prasad Vemuri
SpiceJet (₹93.8): The stock of SpiceJet broke out of a significant medium-term resistance at ₹55 in mid-November and subsequently breached a key long-term resistance at ₹60 and skyrocketed sharply, gaining 31 per cent in second week of November.
Thereafter the stock continued to trend upwards, surpassing key barriers at ₹75 and ₹90. After a blip above ₹100, the stock encountered a key resistance at ₹107 and changed direction in mid-December last year. Since then, it has been on a short-term downtrend.
The stock has now paused above a key base level of ₹90. A strong plunge below this base can pull the stock down to the next base level of ₹80 in the coming weeks. Any further fall can bring back selling pressure and pull the stock lower to the key medium-term trend-deciding level of ₹70. An emphatic plunge below this base will mar the medium-term uptrend that has been in place from the early November low of ₹48.5.Conversely, if the stock reverses higher from the crucial base level of ₹90, it can be kept in a sideways consolidation in the wide band between ₹90 and ₹110 for a while.
A conclusive break above the upper boundary of ₹110 can take the stock northwards to ₹120 over the medium-term; this level is another long term-resistance that could limit the upside. So, an emphatic breakthrough of the barrier at ₹120 is required to reinforce the bullish momentum and push the stock northwards to ₹140 and then to ₹160 over the long term. Investors with a long-term perspective can stay invested with a long-term stop-loss at ₹46 and consider accumulating the stock at lower levels. Key supports below ₹70 are placed at ₹60 and ₹55 levels.
I have bought shares of IndusInd Bank at ₹872. What is the outlook?
Bhavana Kurani
IndusInd Bank (₹939): Ever since recording a multi-year low at ₹235 in late March 2020, the stock has been on an intermediate-term uptrend. While trending up, the stock surpassed key hurdles at ₹600 and ₹800 in November in which it accelerated sharply. The medium-term trend is up. But it now tests a resistance at ₹950 that has been limiting the upside since early December 2020.
Since then, the stock has been moving sideways in the band between ₹835 and ₹950. A strong break above the current resistance can strengthen the medium-term uptrend and take it to ₹1,000. Further break above this level can pave the way for an up-move to ₹1,100 and then to ₹1,200 over the long run. Investors with a long-term horizon can stay invested with a stop-loss at ₹570. Key supports below ₹800 are at ₹750 and ₹700.
Send your queries to techtrail@thehindu.co.in
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
That weekend came the news that Champa’s elder daughter was engaged, the proof arriving in the form of Jaimini ...
“Amma,” Divya yelled from the bathroom. “There’s something in my teeth.”Balakrishnan and Veena froze and ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
Social media influencers are flipping the rules by first getting followers and then launching products and ...
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...