Modi's Make in India focus would benefit this company significantly. From focus of making in india + being in the defence space.
Technically its at a long term support. 200MEMA is holding (Although it can be revisited at the end of the month).
There is are +ive divergences on all timeframes.
Being skeptic on PSU's normally, id look to SIP into this stock as its SL would be quite low. For someone with a shorter horizon 64.50 could be a stoploss but with the Covid scenario, i would not look at short term trading this company. Rather SIP it. Even wait till month end to see where this monthly candle develops to before entering the stock.
Technically its at a long term support. 200MEMA is holding (Although it can be revisited at the end of the month).
There is are +ive divergences on all timeframes.
Being skeptic on PSU's normally, id look to SIP into this stock as its SL would be quite low. For someone with a shorter horizon 64.50 could be a stoploss but with the Covid scenario, i would not look at short term trading this company. Rather SIP it. Even wait till month end to see where this monthly candle develops to before entering the stock.