Krishna Hegde, Mysuru
Infosys (₹1,248): The outlook is bearish with a double-top reversal pattern on the chart. Resistances are at ₹1,380 and ₹1,450. Infosys share price can fall to ₹1,100. Thereafter a corrective bounce to ₹1,350 is a possibility. This upmove has to take the stock above ₹1,500 to turn the outlook bullish again.
But that looks less likely as a rise above ₹1,500 may need some strong positive trigger. So, if the stock turns down again from the ₹1,350-1,450 region, then there is a danger of seeing ₹950-900 on the downside. The chances of going back to your purchase price is very low. So, exit the stock now and accept the loss. From a long-term perspective the ₹950-900 region is a strong support zone. You can consider re-entering the stock around ₹950.
I have shares of UTI Asset Management Company (AMC). My purchase price is ₹915. What is the outlook?
Rohit Mehendarkar
UTI AMC (₹953): Crucial support in the ₹920-₹905 region. A strong bounce from this support zone can be bullish. Looking at the past price movement, the bounce from the ₹920-₹905 region may have the potential to take the price higher to ₹1,400-₹1,500 over the medium term. But a break below ₹905 can drag the stock down to ₹850.
If you have high-risk appetite, keep a stop-loss at ₹890 and hold the stock. Revise the stop-loss higher to ₹1,110 when the price goes up to ₹1,210. Move the stop-loss higher to ₹1,240 and ₹1,320 when the price touches ₹1,330 and ₹1,390 respectively. Exit the stock at ₹1,450. If you don’t want to take risk, then exit at current levels itself.
I have purchased Cipla at ₹1,510. What is the outlook for this stock?
V Natarajan
Cipla (₹1,314): The stock is stuck in a narrow range of ₹1,280-1,380 for more than a month. The region around ₹1,290 is a very crucial support. A decisive break below it will confirm a bearish double-top on the chart. That in turn can drag the price down to ₹1,000-980, That will also be bearish from a long-term perspective.
It will keep the downside open to see ₹700. To avoid this fall the stock has to sustain above ₹1,290 and breach ₹1,400. Only then the upside will open up to see ₹1,600 again. Key resistance to watch is at ₹1,685. A strong break above this resistance is needed to regain the bullish momentum. If that happens, the stock can rally to ₹2,600-2,700 over the long term. Exit the stock now.
I have shares of A B Infrabuild. My purchase price is ₹20.40. What is the outlook?
Sri Guru Ganesh, Bengaluru
A B Infrabuild (₹16.90): The stock has very limited data available to do a detailed technical analysis. The recent price action indicates that the stock is struggling to breach ₹19. The 21-Day Moving Average (DMA) is on the verge of making a bearish cross below the 55- and 100-DMA. Both these factors leave the bias negative.
Immediate support is at ₹16.70. A break below it can trigger a fresh fall to ₹14.70 or even ₹12.70. To avoid this fall the stock has to sustain above ₹16.70 and rise above ₹19. Only then a rise to ₹23 will come into the picture. But such a rise looks less probable as seen from the price action on the chart. So, exit the stock and accept the loss.
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Published on March 14, 2026