Tech Query: Alkem Laboratories, Intellect Design Arena, Trent, SRF — What is the outlook? Where are these stocks headed?
We look at the prospects of Alkem Laboratories, Intellect Design Arena, Trent, SRF
Alkem Laboratories has been consolidating within an uptrend. Key supports are at ₹4,900 and ₹4,700, while resistances are at ₹5,700 and ₹5,950. A strong break above ₹5,950 could propel the stock to ₹7,700 initially and increase to ₹9,000 over the next three years. Stop-loss should be placed at ₹4,520 and raised to ₹5,550 and ₹6,300 as the price advances.
Exit the stock at ₹8,900. If the stock falls below ₹4,700, ₹4,200 could be reached. Intellect Design Arena's long-term uptrend appears to have reversed, with strong resistances at ₹600 and ₹670. A fall to ₹400 is a risk, while a drop to ₹300 is a possibility. A rise above ₹700 is needed to ease downside pressure, and a sustained break above ₹800 is required to make the outlook bullish.
Accumulating at ₹490 is not recommended, and exiting the stock at current levels may be necessary. Trent, purchased at ₹3,270, shows a down trend since October 2024. However, there's an early sign of a bullish reversal, with resistance at ₹3,300. A break above this could see the share price rise to ₹3,800 and possibly even ₹5,000.
Stop-loss should be placed at ₹2,470, with revisions upwards as the price increases. SRF, bought at ₹2,650, has been range-bound between ₹2,000 and ₹2,900 for five years. A strong rise from here could push the stock to ₹2,900-₹3,000 in the next three to five months. Accumulate at current levels with a stop-loss at ₹2,140, and revise it upwards as the price increases. Exit at ₹2,940.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
