The Hindu Business Line : Focus of the week

The positive view would be valid as long as the stock trades above Rs 109. Fresh exposures may be considered with a stop-loss at Rs 109. Existing holders may also place the stop-loss at Rs 109. Though the stop-loss may appear wide in relation to the prevailing price, it would be worth as the risk appears to commensurate with the upside potential as well.

Alembic (Rs 238): The stock could move to Rs 275-Rs 280 range. Existing holders may remain invested with a stop-loss at Rs 220. Fresh buying may also be considered with a stop-loss at Rs 220.

Follow-up

Dhampur Sugar (Rs 67): The stock ruled firm and also moved to the target zone of Rs 68-Rs 70 that was mentioned last week. The long-term trend is still bullish.

Those willing to hold for a while may do so with a stop loss at Rs 57. Short-term traders may take partial profits and re-enter on a move above Rs 71. The stock appears to have the potential to reach Rs 98-Rs 100 range. This view would be negated if the stock drops below Rs 54.

Tata Coffee (Rs 271.5): After hitting the target zone of Rs 305-Rs 310 range, the stock turned weak on Tuesday. The long-term outlook is bullish. Use price dips to take fresh exposures with a stop-loss at Rs 240. Existing holders may remain invested with a stop at Rs 240. The share price appears could move to a target zone of Rs 340-Rs 350 range.

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