I have shares of Tamilnad Mercantile Bank (TMB) bought at ₹467. Shall I hold this stock or exit?

Vijayakumar P Chennai

TMB (₹677): The trend is up. The fall from the high of ₹769 earlier this month is just a correction within that. Support at ₹630 can limit the downside. The stock can rise back from this support and resume the broader uptrend. That leg of rally will have the potential to take TMB share price up to ₹840-₹860 in the next couple of quarters. It is important now for you to protect some profit. Keep the stop-loss at ₹590 and hold the stock. Move the stop-loss up to ₹630 as soon as the stock goes up to ₹710. Revise the stop-loss higher to ₹720 and ₹780 when the price touches ₹790 and ₹820, respectively. Exit the stock at ₹840.

I have shares of Zee Entertainment Enterprises Limited (ZEEL) bought at ₹188. Can I accumulate now?

Pradeep Kabra, Goregaon

ZEEL (₹82): The stock is in a multi-year downtrend. There is no sign of a trend reversal. Cluster of resistances are there in the ₹120-₹200 region. A rise above ₹200 is needed to give an early sign of a bullish trend reversal. But that looks unlikely. As long as the price stays below ₹120, there is a danger of the price falling to ₹50 or even ₹40. So, exit the stock now and accept the loss. We always insist on having a stop-loss at the first place while entering a trade. That will help to come out of a wrong trade with minimum loss. Else, you may get stuck in a wrong trade hoping for the price to recover.

I have CarTrade Tech shares. My purchase price is ₹2,300. What is the long-term view?

Kiran, Ludhiana

CarTrade Tech (₹1,798): The stock has seen a strong downtrend since November 2025. It is now consolidating for more than two months now. Key supports are at ₹1,650 and ₹1,460. A break below these supports can drag the price to ₹1,250-₹1,230. Resistance is in the ₹2,000-₹2,200 region. The price has to rise above ₹2,200 to indicate a bullish trend reversal. Only then the doors will open for a fresh rise to ₹2,800 and higher. But such a rise looks less likely as seen from the chart. Considering the danger of more fall, we suggest you exit the stock now and accept the loss. Make sure to enter any trade with a stop-loss. That will aid in limiting your loss.

What is the short-term outlook for RailTel Corporation of India? I have bought this stock at ₹312.

Narasingh Mohanty

RailTel (₹320): The fall below ₹320 in February is a negative. That has taken the price well below an important trendline support. This trendline is now at ₹365 and is acting as a good resistance. The stock has to go above ₹375 to get some relief and go up to ₹420. Ideally, the stock has to go above ₹420 to become convincingly bullish. Such a strong rise looks less likely. Failure to breach ₹375 can continue to keep the stock under pressure for a fall to ₹240. So, it is not very clear whether or not the current bounce will sustain. Considering this uncertainty, we suggest you exit this stock with some profit.

 Please send your questions to techtrail@thehindu.co.in

Published on May 23, 2026