Technical Portfolio Guide

Reliance INDUSTRIES LTD [EasyDNNnews:PaidContentStart]

CMP: ₹1563.55 

BSE Code: 500325 

Holding 300 shares of Reliance from Rs 1,400 — Should I book profits? - Sayed Yunus 

MAINTAIN LONG-TERM POSITION; TRAIL SL BASED ON TIME HORIZON 

You entered Reliance at an excellent level. After your entry, the stock confirmed a trend-reversal breakout and has been moving higher without any meaningful pause. Strong earnings supported the rally, and the stock recently crossed the key swing high of Rs 1,545. As long as Reliance sustains above Rs 1,525, the momentum remains strong. If your view is short term, trail the stoploss accordingly to protect gains. For long-term holdings, keep a stoploss around your cost price (Rs 1,400) or adjust as per your risk appetite. Upside potential towards Rs 1,700 remains open. 

SHRIRAM FINANCE LTD 

CMP: ₹867.75 

BSE Code: 511218

Bought Shriram Finance on your FNI recommendation — Suggest the course of action - Vihitha R 

BOOK PARTIAL/COMPLETE PROFITS; RS 700 REMAINS THE MAJOR SUPPORT 

The recommendation around Rs 607 has delivered a strong move, with the stock now trading near Rs 865. This rally has been exceptional, and with all FNI targets already achieved, booking profits is advisable. If you want to continue riding the long-term trend, keep a stoploss near Rs 700, the previous breakout level that now acts as a strong support. The stock is currently in the 5th wave of its impulse structure and may touch Rs 900 soon. A breakdown below Rs 800 will signal exhaustion of this wave, so monitor price behaviour closely. 

LARSEN & TOUBRO LTD 

CMP: ₹4082.05 

BSE Code: 500510 

LT trading near lifetime high — Is the correction phase over or should we wait? - Viraj pangam 

WAIT FOR THE BREAKOUT ABOVE RS 4,140; LONG-TERM REVERSAL SOON 

LT’s correction phase began in January 2024 and extended until April 2025, where the stock bottomed near Rs 2,938, precisely at the 38.2 per cent Fibonacci retracement of the previous impulse. It has since entered the 3rd impulse wave and recently printed a fresh lifetime high of Rs 4,140. A weekly close above Rs 4,140 will confirm a breakout from the long-term corrective structure, opening the path toward Rs 4,500. Fresh entry should be taken only after this breakout confirmation. 

ICICI Bank LTD 

CMP: ₹1392.05 

BSE Code: 532174 

ICICI Bank showing recovery signs — Is it time to enter? - Yogeswara Rao 

WAIT FOR WEEKLY CLOSING ABOVE RS 1,400 FOR CONFIRMATION 

ICICI Bank corrected nearly 10 per cent from its lifetime high of Rs 1,488.50 and found support at Rs 1,317.40. The stock then witnessed a strong 5-day recovery with bullish marubozu candles, indicating buyers regaining control. With the banking sector outperforming Nifty, ICICI Bank may soon join the momentum. A move and weekly close above Rs 1,400 will confirm the start of the next rally phase, likely taking the stock to new lifetime highs. For fresh entry, wait for this confirmation and maintain a stoploss at Rs 1,317.

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