The stock of Belrise Industries has been rallying steadily ever since its listing in May 2025. But for nearly two months now, that is since mid-February, the scrip has largely been trading within a range. But on Thursday, it broke out of the resistance band of ₹198-200 and hit a life-time high of ₹204.40. We expect the stock to rally further, potentially to ₹225 in the near-term. But before the next upswing, the scrip can retest ₹198. So, traders can buy now at ₹202 and accumulate if the price drops to ₹198. Place initial stop-loss at ₹190. When the price rises to ₹212, raise the stop-loss to ₹205. Tighten the stop-loss further to ₹215 when the stock appreciates to ₹220.  Book profits at ₹225.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on April 10, 2026