The stock of Saregama India has been charting a sideways trend, largely between ₹315 and ₹370, since the beginning of this year.But a couple of weeks back, it broke out of the resistance at ₹370 and the price is now comfortably above both 21- and 50-day moving averages.Video Credit: BusinesslineAfter the breakout, the scrip has been trading flat. However, it sustains well above ₹370, and the chart shows that the stock has formed a new higher base at ₹390.Therefore, the probability of further rally from the current level is high. We expect it to touch ₹515 in the coming weeks.So, buy now at ₹402 and accumulate at ₹375. Stop-loss can be at ₹350. When the price rises to ₹460 and ₹490, alter the stop-loss to ₹420 and ₹460 respectively. Exit at ₹515.(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)Published on May 25, 2026