What is the outlook for Gujarat Gas?
Dr MP Mithra, Kottayam
Gujarat Gas (₹433.80): The trend is down since September last year. Resistances are at ₹460 and ₹485. A decisive break and close above ₹485 is needed to indicate a bullish trend reversal. Only then the doors will open for a fresh rally to ₹650-₹700. As long as the stock stays below ₹485, it will remain vulnerable to break the support at ₹415.
Such a break can drag the share price down to ₹370-360 again. It is better to stay out of this stock. Watch the price action. In case the price moves up and breaks above ₹485 from here itself, then there is a possibility of an inverted head and shoulder formation. This is a bullish reversal pattern. A subsequent rise above ₹510 will confirm the same. That in turn will clear the way for the rise to ₹650-700 mentioned above.
I have shares of HFCL. My purchase price is ₹115. What is the long-term outlook?
Aadvika, Udupi
HFCL (₹69.85): We have reiterated the importance of stop-loss in this column several times. It is essential to have a stop-loss in place right at the time of entering a stock. That will help you minimise the loss and avoid getting stuck in a wrong position for longer. HFCL has tumbled about 60 per cent from the high of ₹171 made in September last year.
The downtrend is still intact. The stock has to rise above ₹80. Only then it will get some breather and go up to ₹90 and higher. Immediate support is at ₹67. A fall below it can see the stock tumbling further towards ₹55 in the coming months. Accept the loss and exit the stock. This decision is not going to be easy. But it will be a good learning experience and help you in the future.
I have bought ACME Solar Holdings shares at ₹249. What is the outlook and what are the levels to watch?
Raghavan, Gulbarga
ACME Solar Holdings (₹296.45): There is not much data available to give a long-term outlook since this is a recently listed stock. The short-term picture looks positive. The trend is up since February this year. The stock is now consolidating within the uptrend. Cluster of supports are there in the ₹290-270 region. Resistance is around ₹310.
A break above it can take the stock up to ₹360. Hold the stock. Protect some profit by keeping a stop-loss at ₹265. Revise the stop-loss up to ₹305 when the price goes up to ₹320. Move the stop-loss further up to ₹325 and ₹335 when the price touches ₹340 and ₹350 respectively. Exit the stock at ₹360. A break below ₹270 will only negate this bullish outlook. If that happens, a fall to ₹255 can be seen.
I have shares of PG Electroplast bought at ₹565. Should I continue to hold or exit? What is the outlook?
Sonam, Ludhiana
PG Electroplast (₹554.40): The stock has declined sharply after the quarterly results announcement earlier last month. The bounce from the low of ₹471 is just a correction within the broader downtrend. The stock is struggling to rise past ₹590 now. Also, there is a strong resistance is around ₹625. A fresh leg of fall either from here itself or from around ₹625 can drag the share price down to ₹420-410 in the coming months.
The region around ₹410 is a strong long-term support which can halt the fall. There are good chances to see a fresh rally from around ₹410 towards ₹600-700 eventually. Since the stock can fall more from here, exit the stock now with minimum loss. However, you can consider re-entering the stock again when it falls to ₹420-410.
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Published on September 6, 2025