I have bought shares of Wipro at ₹188. I am a long- term investor. What are the important levels to watch?

Jhanavi, Guwahati

Wipro (₹198): The broader picture is looking weak. The recent bounce from the low of ₹187 made in March this year seems to lack strength. From a big picture, the stock has to rise past ₹250 in order to turn the outlook convincingly bullish. Only then a rally to ₹300 and higher levels will come into the picture. The downside remains open to see ₹180-₹185 and even ₹170. If this fall happens, then it will be difficult to get a strong rise back thereafter. So, it is better to exit the stock now with whatever profit you have. Look for some stock that is convincing on the chart for a strong rally from current levels itself.

I have shares of Rajesh Exports. My purchase price is ₹120. Can I buy more for long term?

Sudheer, Thrissur 

Rajesh Exports (₹122): The stock has been in strong downtrend since February 2023. There is no sign of a reversal yet. Strong resistance is around ₹200. A sustained rise above ₹200 is needed to indicate a bullish trend reversal. Only then a rise to ₹400 will come into the picture. As long as the stock trades below ₹200, the danger of a fall to ₹50 cannot be ruled out. From 2010 to 2014, there was a prolonged sideways move. If that trend repeats now, then a range-bound move between ₹50 and ₹200 is a possibility. If that happens, then you may get stuck in this stock for a long time. To avoid that, exit the stock now.

I have bought Haldyn Glass shares at ₹95. Should I continue to hold this stock or exit?

Kiran, Ludhiana

Haldyn Glass (₹114): The stock has seen a strong rise after making a low of ₹70 in March this year. This rise is significant as it has happened from just above a strong long-term trendline resistance level of ₹68. That gives an early indication of a bullish trend reversal. Resistance is around ₹122. A strong break above it will turn the outlook bullish. It will then trigger a fresh rally towards ₹220 over the next couple of years. Keep a stop-loss at ₹98 and hold the stock. Move the stop-loss up to ₹118 as soon as the stock goes up to ₹128. Revise the stop-loss higher to ₹146 and ₹178 when the price touches ₹162 and ₹195, respectively. Exit the longs at ₹210.

I have Tata Teleservices (Maharashtra) Ltd (TTML) shares. My purchase price is ₹51. What is the outlook?

Ravi, Chennai

TTML (₹44): The broader trend has been down since January 2022. Currently, the stock is getting some support around ₹30. Resistance is at ₹52 which has been capping the upside for now. If the stock manages to breach ₹52, then a rise to ₹65 or even ₹75 is possible. However, the broader trend will still be down. But failure to breach ₹52 can keep the stock inside a range of ₹30-₹52 for some time. In that case, there is also a danger of the price declining towards ₹20. As seen from the chart, it is not very clear as in which direction the price can go from here. Considering the uncertainty and the risk of seeing more fall to ₹20, it is better to exit the stock now and accept the loss.

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Published on May 9, 2026