ONGC, HAL, SJVN: 5 PSU stocks that can rally up to 25% by year-end

Quick Summary:

PSU stocks such as ONGC, HAL, Oil India, SJVN and BEL have retraced up to 50% of its previous rally; tech charts indicate that as long as the recent lows are protected a bounce back seems likely.

Thus, as long as the stock manages to sustain above these support levels, it could attempt a pull-back towards Rs 635.

The ONGC stock plunged over 25 per cent from its high of Rs 342 hit in August 2024 to a low of Rs 255 last week.

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Category: BusinessFinance

Markets: India

Topics: Stocks technical analysis Psu stocks to buy SJVN Hal outlook Hal technical chart Market outlook Trading strategies PSU stocks news updates Oil india Top psu stocks Ongc Government companies stocks PSU stocks news today Technical charts Bharat electronics

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Article Type: News Report

Published On: 2024-11-08 @ 12:21:47 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 23468333

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