Charu Nethra M
RVNL (₹290): The trend is down since mid-July 2024. The fall below ₹300 this week confirms a descending triangle on the chart. This is a continuation pattern, and it indicates that the downtrend has resumed. The region between ₹300 and ₹305 will be a very good resistance now. RVNL share price can fall to ₹250 from here initially.
A corrective bounce thereafter to ₹270 or ₹300 cannot be ruled out. However, the upside will be capped at ₹300. An eventual break below ₹250 can then drag the share price down to ₹190-₹180 in the coming months. It is better to exit the stock and accept the loss now rather than waiting, with the hope of a trend reversal.
I have Bank of Maharashtra shares. My average price is ₹51. What is the long-term outlook?
Muhammad Ramzan
Bank of Maharashtra (₹71): The stock has been in a strong uptrend since March 2020. Intermediate corrections have not disrupted the broader uptrend. The rise since March 2020 is also happening inside a bull channel. Intermediate support is around ₹57. The channel support is at ₹46. From a long-term perspective, Bank of Maharashtra share price has potential to target ₹150 in a year or two.
You can keep a stop-loss at ₹49 and hold the stock. Move the stop-loss up to ₹58 when the price goes up to ₹86. Revise the stop-loss higher to ₹72 and ₹105 when the price touches ₹95 and ₹120 respectively. Exit the stock at ₹145. You can also consider buying more if a dip to ₹60 happens.
I have bought shares of ITC Hotels at ₹211. What is the outlook?
Krishna Hegde, Mysore
ITC Hotels (₹165): The trend is down and strong since September 2025. Within that, the price action since mid-October last year has been in a bear channel. There is no sign of a trend reversal as of now. Strong resistance is in the ₹185-190 region. The channel resistance is also poised in this region. A strong break above ₹190 is needed to see some relief and trigger a rise to ₹200.
A subsequent rise above ₹200 is needed to confirm a bullish trend reversal. That would need a strong positive trigger. But that looks less likely. Immediate support is in the ₹160-158 region. A bounce from here can trigger a corrective rise to ₹175-177. It is better to exit the stock now and accept the loss.
I am holding Maithan Alloys shares. I am planning to accumulate now. What’s the long-term outlook for the stock.
Sateesh
Maithan Alloys (₹967): Without knowing your purchase price, it is difficult to suggest for accumulation. However, you can take a call based on our view as follows. The stock is stuck in a sideways range of ₹766-₹1,358 for more than three years. A breakout on either side of ₹766-₹1,358 will only determine the next leg of move.
A break below ₹766 will be bearish for a fall to ₹550-530. On the other hand, a decisive break above ₹1,358 can take the price higher to ₹2,000-2,050. You can consider two options. One exit now no matter whether you are in profit or loss. Second is to keep a stop-loss at ₹720 and hold the stock. In this case you can exit at ₹2,030 or ₹720, whichever comes first.
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Published on March 7, 2026