Diyashana, Chennai
Eternal (₹233): The stock has recently declined below an important support at ₹245. This is changing the structure on the chart completely. The broader uptrend is getting reversed. Cluster of resistance is in the ₹250-280 region. The stock has to breach ₹280 and then rise above ₹300 subsequently to become bullish again.
But that looks less likely. Such a rise may need some strong positive trigger. As long as the stock stays below ₹280, the bias will remain negative. Support is at ₹206. A break below ₹206 will increase the downside pressure. Such a break can drag Eternal (Zomato) share price down to ₹175-170 in the coming months. Since the stock can fall more from here, it is better to exit the stock now and accept the loss.
I have Hindustan Zinc shares. What is the outlook? What should I do?
AC Jha
Hindustan Zinc (₹510): As you have not given the purchase price, it is difficult to advise on what to do. Here’s a broader outlook. You can take a call accordingly. Structurally the stock is in an uptrend. But the rally has faded over the last couple of years. That leaves the short-term picture unclear. Supports are at ₹490 and ₹380.
Resistance is around ₹740. The stock can oscillate in a wide range of ₹380-740 for some time now. A strong break above ₹740 is needed to regain the momentum. Only then the upside will open up for a rise to ₹1,000 and higher levels. That seems to be not happening immediately. Considering the time factor, it is better to exit the stock now.
I have Brigade Enterprises shares. My purchase price is ₹842. What is the long-term outlook?
U C Prabhu
Brigade Enterprises (₹689): The trend is down since September 2024. Strong resistance is in the ₹800-850 region. As long as the stock stays below this resistance, the downtrend will remain intact. The downside is open to see ₹550-520. A break below it will increase the danger of the stock tumbling towards ₹400.
Ideally, the stock has to breach ₹850 in order to give an indication of a trend reversal. But that looks unlikely at the moment. Accept the loss and exit the stock. We always insist in this column the importance of stop-loss. That will help you minimise the loss. So, whenever you enter any trade, have a stop-loss in place. Most importantly, make sure to adhere to it.
I have CG Power and Industrial Solutions bought at ₹120. Can I hold the stock for another two years?
Gaurav Sood, New Delhi
CG Power and Industrial Solutions (₹668): You have made a very good buy. But most important now is to protect your profits. Keep a stop-loss at ₹440 and hold the stock. The trend is up and strong. The stock is now consolidating within the uptrend. Supports are at ₹500 and ₹460. Resistance is around ₹785.
A strong break above it can boost the momentum. Such a break can take the share price higher to ₹1,400-1,500 in the coming months. Move the stop-loss higher to ₹760 as soon as the stock goes up to ₹860. Revise the stop-loss higher to ₹980 and ₹1,210 when the share price touches ₹1,150 and ₹1,360 respectively. Exit the stock at ₹1,450.
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Published on March 28, 2026