I have shares of Medi Assist Healthcare Services bought at ₹345. Can I buy more? What is the outlook?

Renuka Choudhary, Patna

Medi Assist (₹387): The broader trend is down. But the recent bounce from the low of ₹293.40 made in March is giving some relief. The stock can rise to ₹450 and even ₹490 in the next three-four months. Immediate supports are at ₹378 and ₹360. Keep a stop-loss at ₹350 and hold the stock. Revise the stop-loss higher to ₹390 and ₹430 when the share price goes up to ₹425 and ₹465 respectively. Exit the stock at ₹485. Failure to breach ₹490 and a reversal will indicate that the broader downtrend is intact. If that happens, then there is a danger of the price falling back to ₹380. So, make sure to exit the stock at ₹485.

I bought Allcargo Logistics recently at ₹9.16. What is the long-term outlook?

Devang

Allcargo Logistics (₹8.80): The stock is in a strong downtrend since January 2024. The stock can fall to test the long-term support level of ₹5 in the next two-three months. A strong bounce from around ₹5 and a subsequent rise above ₹15 will be bullish from a long-term perspective. That will have the potential to take the share price up to ₹30 over the next three years. If you have the patience and the risk appetite, then keep a stop-loss at ₹3.20 and hold the stock. Buy more on dips at ₹6. Move the stop-loss up to ₹8 as soon as the stock goes up to ₹13. Revise the stop-loss higher to ₹15 and ₹22 when the share price touches ₹19 and ₹26 respectively. Exit the stock at ₹29.

I have bought Sanofi India shares at ₹4,897. What is the long-term outlook?

Govindaraju, Chennai 

Sanofi India (₹3,222): The stock has tumbled over 50 per cent from its peak of ₹7,593.60 made in September 2024. There is still room to fall more. The stock can test ₹2,900-₹2,800. A bounce thereafter can trigger a corrective rise to ₹4,000-₹4,100. A sustained rise above ₹4,100 is needed to indicate a bullish trend reversal. Such a rise may need some strong positive trigger. The chances of seeing a consolidation between ₹2,800 and ₹4,100 also cannot be ruled out. It is better to accept the loss and exit the stock now. We always insist in this column to have a stop-loss at the first place whenever entering a trade and strictly adhere to it. That will help in minimising the loss and avoid getting stuck in a wrong position.

I have Hemisphere Properties India shares. My purchase price is ₹133. What is the outlook?

Niranjana, Mangalore

Hemisphere Properties India (₹149): The price action since the stock got listed in October 2020 is in the form of a bull channel. The recent bounce from the low of ₹111 made in March is happening from the lower end of this channel. The outlook is bullish. The share price can go up to ₹260 – the upper end of the channel in the next one year. Keep the stop-loss at ₹105 and hold the stock. Buy more at ₹132 if you get a dip. Move the stop-loss up to ₹180 when the stock goes up to ₹205. Revise the stop-loss higher to ₹220 when the price goes up to ₹240. Exit the stock at ₹260.

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Published on May 16, 2026