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

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Article Type: News Report

Published On: 2024-11-08 @ 12:21:47 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 707 words

Reading Time: 4 minutes read

Sentences: 29 lines

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Copyright Owner: © Business Standard

News ID: 23468333

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