Hello hitesh bhai, after the budget many nbfc stocks are showing some momentum and crossed their budget day highs. There was a news that The increase in trading time to 5pm will benefit the nbfcs most and accordingly they are showing some momentum.
The sector didn’t participate in the credit cycle rally like the PSU banks and privates sector banks did from June 2022. So what’s your take on this sector and in particular view on abcapital and l&t finance holdings.
Thanks in advance.
I’m posting the chart of l&t finance weekly chart where 20 wema crossed 200 wema. Can it be taken as bullishness and how to set up entry into the counter. Thanks in advance.
| Subscribe To Our Free Newsletter |
