Where are these stocks headed? – Tata Technologies, Aurobindo Pharma, ACC, Electronics Mart India Limited (EMIL)
I have bought Tata Technologies shares at ₹1,030. What is the technical outlook for this stock?
Gunashekar P, Chennai
Tata Technologies (₹747): The trend is down ever since the stock got listed in November 2023.The strong rise from the low of ₹507.50 made in March will still be a correction within the broad downtrend. Crucial resistances are at ₹770 and ₹800. A sustained rise above ₹800 is needed to confirm the bullish trend reversal. Only then upside will open up for a rise to ₹980-₹1,000 or higher. Failure to breach ₹800 can drag the price down to ₹700-₹650. It is better to accept the loss and exit the stock. As we always insist in this column, having a stop-loss first in place is a must whenever you enter any trade. That will help in minimising the loss and avoid getting stuck in a wrong trade.
I have Aurobindo Pharma shares. My purchase price is ₹1,466. What is the outlook?
Anjali, Trivandrum
Aurobindo Pharma (₹1,554): The trend is up since January 2023. The strong rise this year marks the end of the corrective fall that was in place since September 2024. The outlook is bullish. Aurobindo Pharma share price can target ₹1,730 first and then ₹1,900 eventually in the coming months. Supports are at ₹1,360 and ₹1,250. Keep a stop-loss at ₹1,220 and hold the stock. Move the stop-loss higher to ₹1,560 when the price goes up to ₹1,730. Revise the stop-loss higher to ₹1,710 and ₹1,820 when the price touches ₹1,780 and ₹1,845 respectively. Exit the stock at ₹1,880. The stock has to decline below ₹1,250 to prove this bullish view wrong. If that happens, adhere to the stop-loss and exit.
I bought ACC shares at ₹2,316 as a long-term investment. What should I do now?
V Subbarao, Mumbai
ACC (₹1,336): The trend is down. A crucial long-term support is at ₹1,170. A strong bounce from there can take the price up to ₹1,700-₹1,750 in the next six months. A sustained rise above ₹1,750 will only confirm a bullish trend reversal and trigger a fresh rally to ₹2,250 and even ₹3,000 over the next two years. If you have the risk appetite, then accumulate at ₹1,220. Keep the stop-loss at ₹910. Move it up to ₹1,320 when the price goes up to ₹1,580. Exit 30 per cent of your holding at ₹1,720 and move the stop-loss up to ₹1,580 for the remaining. When the price goes up to ₹1,880, move the stop-loss higher to ₹1,760. Thereafter for every rise by ₹200, move the stop-loss by ₹100. Exit the stock at ₹2,980.
What is the long-term outlook for Electronics Mart India Limited (EMIL). I have bought this stock at ₹120.
Rimika, Kolkata
EMIL (₹120): The stock is in a downtrend since July 2024. The recent price action indicates an early sign of a trend reversal. Important support is in the ₹105-₹100 region. Resistance is around ₹140. A decisive break above this resistance will confirm the trend reversal. That will be bullish to see a rise to ₹190-₹200 going forward. Keep the stop-loss at ₹94 and hold the stock. You can also consider buying more if a dip to ₹110 happens first. Trail the stop-loss up to ₹125 when the price goes up to ₹137. Revise the stop-loss higher to ₹145 and ₹175 when the price touches ₹160 and ₹190 respectively. Exit the stock at ₹200. A decisive break above ₹200 is needed to revisit ₹250 levels.
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Published on June 27, 2026
