Your Stock Portfolio. Mild brew in Tata Global Beverages

Here are some answers to readers’ queries on the performance of their stock holdings.

What is the outlook for Tata Steel and Torrent Pharma?

Panini Deshpande

Tata Steel (₹475): The stock has been on an intermediate-term uptrend since taking support at ₹200 in August 2013. Though the medium-term trend is up, the short-term trend is sideways. Recently, the stock breached a key long-term resistance at ₹450 and is headed towards its next significant resistance at ₹530, following a sideways movement.

Investors with long-term perspective can hold the stock as long as it trades above its key support at ₹340.

A decisive fall below this level will mar the bullish momentum and drag the stock down to ₹300 or even ₹250 in the long term. On the upside, strong rally above ₹530 can take the stock northwards to ₹600 and then to ₹650 in the long run.

Torrent Pharmaceuticals (₹611.7): Torrent Pharmaceuticals is on an uptrend across all time-frames — long-, medium- and short-term.

Nevertheless, after marking a new high at ₹688 in early May 2014, the stock has seen some selling pressure.

A fall below ₹590 will mar its short-term uptrend and pull the stock down to ₹550 or ₹520 levels.

If these supports fail to hold, then the stock can trend downwards in the medium term and reach its significant long-term base at ₹450. Next key support is pegged at ₹400.

On the upside, a strong rally above ₹634 can push the stock higher to ₹676 or ₹700 levels in the medium- to long-term.

Investors with long-term horizon can hold the stock with a stop-loss at ₹520.

I want to buy shares of Bartronics for the long term. Suggest a good entry point

Iqbal Ahmed Khan

Bartronics India (₹11.7): The stock of Bartronics India is not out of the woods yet. The stock has been on a long-term downtrend, ever since registering an all-time high at ₹294 in early 2008.

Following a sideway consolidation move between ₹5 and ₹9 for almost a year, the stock broke out of this range recently by hitting upper circuit limits.

However, its long-term prospect has not changed. Avoid trading in this stock.

A strong rally above its next resistance level at ₹15 can take the stock higher to ₹21 or even to ₹31 in the medium-to-intermediate term. But failure to move above ₹15 can result in the stock declining to ₹9 or ₹5 in the same time-frame.

What is the short- and medium-term outlook for Tata Global Beverages purchased at ₹148?

Vijay

Tata Global Beverages (₹149.2): Tata Global Beverages has been on an intermediate-term sideways consolidation phase since May 2013, in the broad range of ₹135-170.

Unable to breach its key immediate resistance at ₹160 last week, the stock reversed down and declined 5 per cent, backed by good volumes.

It trades at a crucial trend-deciding level of ₹150, where the stock is testing its 50- and 200-day moving average.

Both short- and medium-term outlook for the stock are bearish.

A strong dive below ₹142 can take the stock lower to ₹135 in the short term.

A move below ₹135 will pave way for a decline to its key long-term base level at ₹125 in the medium-term. Exit the stock and enter at lower support levels.

On the upside, only an emphatic break out of ₹160 will restore its bullish momentum and push the stock higher to its upper boundary at ₹170.

Key resistance above ₹170 is at ₹182.

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