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B. Krishnakumar

Tata Metaliks (Rs 178): The stock has been covered on several occasions.

The price has also moved past earlier mentioned price targets. The trend remains bullish and the stock could move to Rs 205-Rs 210 range. A drop below Rs 165 would blunt the positive outlook. Hold with a stop loss at Rs 160.

Long positions may also be considered with a stop-loss at Rs 160.

Visaka Industries (Rs 142.7): The price has moved past the earlier mentioned (edition dated November 14, 2004) target zone of Rs 135-Rs 140. The stock appears to have embarked on the next leg of the uptrend. The immediate target is placed at Rs 165-Rs 170 range. Hold with a stop-loss at Rs 129.

Fresh buying may also be considered with a stop-loss at Rs 129.

Follow-up

Gujarat Alkalies (Rs 125.5): The price moved past the target zone of Rs 128-Rs 130 range that was mentioned. The next upward move would commence on the completion of the short-term correction that is underway.

Hold with a stop-loss at Rs 114. Long positions may be considered on a move above Rs 132, with a stop-loss at Rs 119.

Federal Bank (Rs 157.5): The outlook remains positive and the stock appears on course to move to the target zone of Rs 172-Rs 175 range. A drop below Rs 143 would negate the positive outlook. Hold with a stop-loss at Rs 143.

Long positions may be considered on a move past Rs 164, with a stop-loss at Rs 143.

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