How Should Investors Navigate The Defence Stocks? Cochin Shipyard, Mazagon, BEL, Garden Reach

Swati Hotkar, AVP-Technical Research at Nirmal Bang, shares her insights on defence stocks, with a focus on the shipbuilding sector. She highlights Cochin Shipyard as a strong pick amidst recent market corrections. According to Swati Hotkar, the stock has found robust support at ₹1,540, which coincides with its 200-day moving average, touched last week. While the stock is currently moving sideways, she projects an upward potential, targeting a price range of ₹1,900 to ₹1,940. According to Swati Hotkar, Investors can consider long positions with a crucial stop-loss at ₹1,600 and in the short term, targets of ₹1,720 and ₹1,810 are also achievable. Watch this video to gain a deeper understanding of the defence sector and make informed decisions before investing in the market.