IRFC, RVNL, IREDA, NTPC Green Energy, BHEL, BEML and REC are some of the most popular public sector undertaking (PSU) stocks among investors. Over the past few months, these stocks have experienced massive corrections, some stocks even have touched their 52-week lows during this bearish sentiment in the Indian stock market. With the Indian stock market consolidating and showing signs of a positive reversal trend in the technical chart, investors should keep a close eye on these stocks and key levels for a potential breakout.
These popular stocks have strong fundamentals with a huge long-term potential. However short-term investors should closely monitor these key technical levels as the market could further decline from the current levels. Investors are advised to take investment decisions only after observing a trend reversal with a long-term perspective. Let’s skip to the best part and know these key technical levels for these PSU Stocks.
Table of Contents
1) Indian Railway Finance Corporation (NSE: IRFC)
As per the Fibonacci retracement indicators, IRFC has a strong support at Rs 116.29 where buyers can show interest on buying but if crosses this price level then further declines in the stock price could push towards next support at Rs 111.70. Similarly IRFC has a strong resistance at Rs 122.65, if the stock price crosses the above resistance then further buying momentum could push the stock price towards next resitance at Rs 128.
Also Read: IRFC Share Price Target From 2025 to 2050
Also Read: IRFC Dividend 2025: PSU Railway Company Fixed Record Date
2) Indian Renewable Energy Development Agency (IREDA)
IREDA has a strong support at Rs 137.69 and resitance at Rs 146.17. The stock has a strong psychological resistance at Rs 150. If the stock price sustain this resistance level then a sustained buying momentum could push the stock price to Rs 162.33
Also Read: IREDA Share Price Target From 2025 to 2050
3) Rail Vikas Nigam Limited (NSE: RVNL)
RVNL has a immediate resitance around Rs 338.73, a potential breakout above this price level could push RVNL price towards the next resitance at Rs 347.77. Similarly, the stock has a midpoint reversal around Rs 334.77 and support at Rs 329.8. If RVNL price fails to sustain this support level then further selling pressure could push the stock price towards the next support at Rs 326.73 and then Rs 321.77
Also Read: RVNL Share Price Target From 2025 to 2050
4) Bharat Heavy Electricals Limited (NSE: BHEL)
BHEL has a strong support around Rs 190.06 and resitance at Rs 199 The stock has a strong psychological resistance at Rs 200. If the stock price sustain this resistance level then a further sustained buying momentum could push the stock price to Rs 210
5) NTPC Green Energy Limited (NSE: NTPCGREEN)
NTPC Green Energy shares have a strong reversal midpoint around Rs 97.72. A sustained bullish uptrend potentially push the stock towards the next resitance at Rs 99.30, with further buying momentum it could move towards Rs 101.85. In the bearish case, investors should keep an close eye on Rs 93.59 support level.
Also Read: NTPC Green Energy Share Price Target 2025 to 2050
6) REC
REC has a support zone around Rs 388.57 and strong resitance at Rs 413.07. Investors and traders must keep this midpoint reversal at Rs 400.82 under the radar for further bullish breakout. The stock is currently moving above its 5-day, 10-day, 20-day and 30-day moving averages indicating a potential short-term bullish trend.
7) BEML
BEML shares have a strong reversal midpoint around Rs 2,491.55. A sustained bullish uptrend potentially push the stock towards the next resitance at Rs 2,521.9, with further buying momentum it could move towards Rs 2,571. In the bearish case, investors should keep an close eye on Rs 2,412.10 support level.
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