The stock of The Phoenix Mills hit a four-month high of ₹1,889.85 on May 8. But then, the price moderated and is now at ₹1,745,20. However, it continues to stay above a base at ₹1,690, which has been holding well over the past two months. So long as this support stays valid, the outlook will remain positive. We expect the stock to regain traction in the coming days and eventually appreciate to ₹1,920. Therefore, traders can consider buying the stock of The Phoenix Mills now at ₹1,745 and accumulate if the price dips to ₹1,700. Place stop-loss at ₹1,660. When the price hits ₹1,820, alter the stop-loss to ₹1,700. Tighten the stop-loss to ₹1,820 when the stock touches ₹1,875. Book profits at ₹1,920.Video Credit: Businessline(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)Published on June 8, 2026