Shall I hold or sell Allahabad Bank bought at Rs 45 and Alembic at Rs 133?
M. Prabhakar Shet Allahabad Bank (Rs 57): The outlook is positive and the share price could move to the Rs 65-68 range. A drop below the stop-loss level of Rs 49 would negate the positive outlook. Hold with a stop-loss at Rs 49. A move past Rs 62 may be used to take fresh long positions with a stop-loss at Rs 53. Alembic (Rs 230): Though the stock could rule weak in the near term, the long-term outlook is positive. Hold with a stop-loss at Rs 205. Those who are uncomfortable with this stop-loss may sell a portion of the holdings now and consider re-entry on a move past Rs 250 (with a close stop-loss in place). On the downside, a drop below Rs 205 could pave the way for a slide to the Rs 165-170 band. I bought Moser Baer at Rs 288 a year ago. Will the stock get back to the earlier highs? Ram Lubhaya Moser Baer (Rs 209.4): There appears to be marginal downside risk from prevailing levels. The stock enjoys a strong support at the Rs 175-180 range. A move past Rs 232 may be used to take ex
