The Hindu Business Line : Focus of the week

Alembic (Rs 272.5): The stock has moved to the earlier target zone (edition dated December 12) of Rs 275-280. The outlook remains bullish with the stock having broken out of a consolidation zone with huge volumes on Friday. The stock could head towards the next target zone at Rs 295-300. The positive view would be negated if the stock drops below the stop-loss level of Rs 255. Fresh buying maybe considered on price dips, with a stop-loss at Rs 255.

Bank of Baroda (Rs 240.4): The stock could move to the Rs 260-265 range in the near term. Hold with a stop-loss at Rs 222. Fresh buying may also be considered with a stop-loss at Rs 227. A drop below Rs 222 would also warrant dilution of holdings.

Follow-up

Tata Metaliks (Rs 174): Contrary to expectations, the stock ruled weak. This, however, has not negated the view of a rally to the Rs 205-210 range. The positive view would be in force as long as the share price holds above the stop-loss level of Rs 165. Hold with a stop-loss at Rs 160. Long positions may be considered on a move past Rs 176, with a stop-loss at Rs 165.

Visaka Industries (Rs 139.6): Though the share price ruled weak, the view of a rally to the Rs 165-170 range is still valid. This view would be negated if the stock declines below the stop-loss of Rs 129. Remain invested with a stop-loss at Rs 129. Long positions may be considered on a move above Rs 144, with a stop-loss at Rs 129.

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