I have shares of SJVN. My average purchase price is ₹124. What is the outlook? Raja BalasubramanianSJVN (₹74): The trend is down and strong since late-July last year. The stock has room to see ₹69 or even ₹65 on the downside. In a worst-case scenario, the fall can extend to ₹60 as well. A bounce from any of the three levels mentioned can trigger a relief rally towards ₹80. However, the stock has to rise past ₹80 in order to indicate a bullish trend reversal. Only then the doors will open for a rise to ₹100 ...