I have Mahindra & Mahindra (M&M) shares bought at ₹3,600. What is the long-term outlook?

Amit Kapoor

M&M (₹3,043): The medium-term picture is not looking good. The struggle to breach ₹3,400 since the beginning of this year indicates lack of fresh buyers in the market. Short-term supports are at ₹2,870 and ₹2,750. A decisive break below ₹2,750 will increase the danger of the share price tumbling towards ₹2,400-2,350 by this year-end. After this fall, a fresh rally might be possible. To avoid this fall, the stock has to sustain above ₹2,750 first. Then a decisive break above ₹3,400 and a subsequent rise above ₹3,500 will only strengthen the bullish case for a fresh rally ₹4,300 or higher. Since there is a danger of more fall, better exit the stock now and accept loss. You can consider re-entering the stock again around ₹2,400.

I have Indian Overseas Bank (IOB) shares. My purchase price is ₹40. What is the outlook for the next three years?

U C Prabhu

IOB (₹33.35): The trend is down since June 2024. There is a crucial support around ₹30 and ₹25. A fall beyond ₹25 is unlikely. Ideally, we can expect the stock to make a bullish reversal either from ₹30 itself or from ₹25. A subsequent rise above ₹40 will give a confirmation of the trend reversal. If that happens, there are good chances to see a rally to ₹85 over the next two years. You can buy more at current levels. Keep a stop-loss at ₹22. Move it higher to ₹37 when the price goes up to ₹43. Revise the stop-loss higher to ₹48, ₹65 and ₹72 when the share price touches ₹56, ₹74 and ₹80 respectively. Exit the stock at ₹85.

I have bought Matrimony.com shares at ₹480. What is the long-term outlook?

Sammaiah D, Bengaluru

Matrimony.com (₹390): The stock is in a downtrend since August 2021. There is no sign of a trend reversal. The recent fall after failing twice to breach ₹470 indicates that the stock lacks fresh buyers. There is room to fall more. The share price can touch ₹350 or even ₹300 on the downside. From a long-term perspective, the region between ₹600 and ₹620 is a strong resistance. The stock has to surpass ₹620 to turn the outlook bullish. That looks unlikely at the moment. Exit the stock and accept the loss. This is an illiquid stock. So, you may also find it difficult to get an exit and also the best price. Avoid choosing such stocks in the future. Always prefer to take positions in stock that has good liquidity.

I have bought EID Parry India shares. My purchase price is ₹890. What is the long-term outlook and where should I keep my stop-loss?

Ummachan Thomas

EID Parry India (₹729): The long-term trend is up since April 2020. The fall from the high of ₹1,247 made in July last year is just a correction. The crucial support at ₹700 can halt the current fall. A strong bounce from around ₹700 and a subsequent rise above ₹900 will mark the resumption of the broader uptrend. That will have the potential to take the price higher to ₹1,300 over the next one year. You can buy more now. Keep the stop-loss at ₹580. Revise it higher to ₹860 when the price goes up to ₹980. Move the stop-loss further up to ₹1,000 and ₹1,180 when the price touches ₹1,170 and ₹1,250 respectively. Exit the stock at ₹1,300.

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Published on June 13, 2026