PSU stocks in most sectors are showing very strong chart formations. (barring a few cycical PSUs like NMDC etc) We are all aware of the strong run up in PSU banks, PSU defence stocks. Even the less popular ones in other sectors are showing good strength… I think going ahead, the easiest sector to look at for techno funda picks (or pure technical picks) could be the PSU basket.
I don’t track exide or amber.
@tjjeykumar I don’t track eureka forbes.
@seshukumar KRBL had a major 3 year breakout above 340 levels. Post that it went up and tried to cross the strong resistance band of 400-410 and has failed till now. Support it seems exists between 370-380. LT Foods results had a negative impact on prices of both LT foods and KRBL, but the crucial event would be results of KRBL due on 11th Nov. Till that time we might continue to see range bound moves. I remain invested in KRBL with my own targets and stop losses.
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