Expert's Take On Railway And Defence Stocks To Avoid. Mazagon Dock Share | RVNL Stock

Ratnesh Goyal, Head of Technical Analysis at Arihant Capital, identifies two stocks in the railway and defence sectors that are not suitable for fresh entry. He suggests caution regarding RVNL, mentioning that it is somewhat stretchd on daily chart and advises investors to avoid entering at current levels, setting a stop-loss at Rs 230. Ratnesh Goyal recommends investors to consider booking some profit due to ongoing long-term consolidation. Regarding Mazagon Dock shares, he advises profit-taking and advises against initiating new positions.