Profit booking in CPSE stocks is looking inevitable now. The stock has been in the tredning move since the wave 3 started. The targets of wave 3 are accomplished and are extended to more than 1.618x. No buy sell recommendations pls do your own research before any decision.
There may be good stories in media for this sector but the chart is showing something else. So it is better either to book profit or to tight the SL
It has broken out from old consolidation high 2800. Strong stocks under this sector should give good returns.
NIFTY CPSE INDEX Breaking out of multi year channel
NIFTY CPSE can outperform Nifty in near future. Can invest through CPSE ETF.