I have shares of SJVN. My average purchase price is ₹124. What is the outlook?
Raja Balasubramanian
SJVN (₹74): The trend is down and strong since late-July last year. The stock has room to see ₹69 or even ₹65 on the downside. In a worst-case scenario, the fall can extend to ₹60 as well. A bounce from any of the three levels mentioned can trigger a relief rally towards ₹80. However, the stock has to rise past ₹80 in order to indicate a bullish trend reversal.
Only then the doors will open for a rise to ₹100 and higher levels. But there is no strong sign of that rally happening now. Even if that happens, it may take a long time. As there is more downside left and considering the time factor, it is better to exit stock now and accept the loss.
I have Indian Overseas Bank (IOB) shares bought at ₹70. What is the outlook?
Jeniffer, Mumbai
IOB (₹38): The stock has been in a downtrend since June last year. Within that, the share price has been stuck in a sideways range between ₹33 and ₹43 since April this year. It is not very clear whether this sideways move is a consolidation before the next leg of fall or a base formation. There are chances to see ₹30 on the downside. Ideally, the stock has to rise past ₹50 in order to turn the outlook bullish.
Only then the bias will turn bullish for a rally to ₹80 and higher. The short-term charts are looking weak indicating high chances for a fall to ₹35-₹33 from here. So, it looks like the rise above ₹50 is not going to happen in the near future. Exit the stock and accept the loss.
What is the outlook for Kronox Lab Sciences? Can I invest in this stock now?
Swetha, Chennai
Kronox Lab Sciences (₹138): The trend is down now. Supports are at ₹129 and ₹123 which can be tested in the coming weeks. The price action thereafter will need a close watch. A bounce from either of these supports and a subsequent rise above ₹139 will turn the outlook bullish. In that case, there is a good chance to see a rise to ₹180 in the second half next year. You can keep an eye on this stock.
Once the bounce and rise above ₹139 happens, you can buy the stock. Keep the stop-loss at ₹128. Trail the stop-loss up to ₹143 when the price goes up to ₹158. Revise the stop-loss higher to ₹157 and ₹168 when the price touches ₹164 and ₹172 respectively. Exit the stock at ₹178.
I bought IDFC First Bank shares at ₹87 two years ago. Can I buy more now? What is the outlook?
Prakash, Bengaluru
IDFC First Bank (₹81): The outlook is bullish. So, you can continue to hold the stock. Follow this strategy. Immediate support is at ₹78. Below that, cluster of supports are there in the ₹75-70 region. A fall below ₹70 is needed to turn the outlook bearish. That looks less likely, and it will need some strong negative trigger. There is potential for a rise to ₹105 in the coming months.
You can buy more at ₹79 and ₹76. Keep the stop-loss at ₹68. Move the stop-loss higher to ₹84 when the price goes up to ₹91. Revise the stop-loss higher to ₹88 and ₹96 when the price touches ₹93 and ₹99 respectively. Exit the stock at ₹105.
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Published on December 6, 2025