04 Nov 2026, 11:10 IST
Motilal Oswal Nifty India Defence ETF (MODEFENCE)
HDFC Securities Ltd (HDFC Sky) · Buy · target Rs 106.5-111.8
The note says MODEFENCE shows a decisive breakout of its downtrend line with bullish higher tops and bottoms pattern and positive RSI bias, recommending a positional buy in the range of Rs 101.40-99.47 with a stop loss of Rs 94.50.
From Untitled research note, written by HDFC Securities Ltd (HDFC Sky) and hosted by HDFC Sky. Orivam summarised it; the view is HDFC Securities Ltd (HDFC Sky)'s, not Orivam's.
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