Nifty PSE index notches new high; add these 5 stocks for up to 20% gains

Life Insurance Corporation of India and Bharat Electronics may see up to 10 per cent rally in coming sessions.

Nifty PSE index set a new historic peak on Wednesday, with selective stocks displaying robust chart structures. Shares of REC, Power Finance Corporation and Power Grid Corporation of India hit new all-time high, implying more potential for coming sessions. 

Power Grid Corporation of India surged over 2 per cent, while REC and Power Finance Corporation gained close to 2 per cent each. 

Here’s the technical outlook for selective bullish stocks in Nifty PSE index:-

REC Ltd (RECLTD)

Likely target:  Rs 200

Upside potential:  20%

Shares of REC reached a new historic peak on Wednesday, with a trend possessing resilient sentiment. The price action