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Hindustan Aeronautics, Bharat Forge: Time to look at defence-related stks?

Once the stocks conquer 200-WMA, the upside potential is huge.

defence, tanks, make in india
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Bharat Forge is struggling at 200-weekly moving average (WMA) positioned around Rs 515 levels, as per the weekly chart.

Avdhut Bagkar Mumbai
Most defence-related stocks were trading in the green on Friday, a day after Prime Minister Narendra Modi said his government's resolve for 'Aatmanirbhar Bharat' is not inward-looking, but aimed at boosting India's capabilities and global peace, and also for helping the world economy become more stable.

The prime minister asserted that the import embargo on a number of defence equipment is not only aimed at curbing imports but also giving a boost to the domestic industry. He said more items will be added to this import embargo list later. READ MORE

Let's take a look at what charts

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First Published: Aug 28 2020 | 10:34 AM IST

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