Energetic stocks; Excellent valuation in shares of Kalpataru Power Transmission
Nifty down 0.70% to 17,700 Sensex down 0.78% Despite strong selling in the index, defense stocks are attracting investors. This is because selected stocks in the sector are rising between 3-7% on Thursday.
Adani shares lead; Shares of power companies crash for second straight session
One of the stocks in this sector that investors need to pay special attention to is the stock of Bharat Dynamics. The stock rose 7% and hit a new high on Thursday.
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The stock has experienced a breakout of the 14-day basing pattern. Notably, he has reported a breakout with a large number of transactions. In the first half of the trading session, the stock responded 3 times to its 50-day moving average. The stock has risen 36.5% in one month. So on an annual basis it is at 55.65%.
As the stock trades at new highs it is above all short and long term moving averages. It trades on 20, 50, 100 and 200-DMA.
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