Tech Query: Bajaj Housing Finance, Prestige Estates Projects, Lloyds Metals and Energy, Sandur Manganese & Iron Ores; what is the outlook and where are these stocks headed?

Ihave bought Bajaj Housing Finance shares at ₹145. Should I continue to hold the stock or exit?

Sunitha, Mumbai

Bajaj Housing Finance (₹110.15): The stock has been in a strong downtrend ever since it got listed in September last year. There is no sign of a trend reversal. Resistances are at ₹115 and ₹123. The stock has to rise above ₹123 to indicate a bullish trend reversal. But that looks less likely. The downside is still open to see ₹105-100 as long as the stock stays above ₹115.

So, it’s better to exit the stock and accept the loss. You can consider reinvesting the sale proceeds to buy Prestige Estates Projects shares explained in the next query. Buy the stock now and follow the same strategy. It is always important to have a stop-loss. It will help in minimising the loss if the vi