The outlook for TD Power Systems is bullish. The stock has been moving in a bull channel since October this year. Currently, the share price is hovering around the lower end of the channel, with a cluster of support in the ₹450–₹440 region, where the channel support is also positioned.

The share price of TD Power Systems has the potential to rise to ₹520, the upper end of the channel, within a month or two. Intermediate resistance is at ₹475, and a break above this level could trigger the anticipated rise.

Traders can go long now at ₹463 and accumulate on dips around ₹453. Keep a stop-loss at ₹444. Adjust the stop-loss to ₹468 once the price rises to ₹473. Further, move the stop-loss to ₹478 when the price reaches ₹483. Exit long positions at ₹490.

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