NMDC, REC, Power Finance Corporation, NHPC were among major losers in public sector stocks. These public sector companies have witnessed strong investor and trader interest during the last few weeks. However, the momentum seems to be lower during the last week. Traders are looking for fresh breakout in some of these stocks. TopNews has reviewed technical levels for short term traders in these stocks.

Power Finance Corporation

Power Finance Corporation, with a market cap of Rs 1.49LCr, is a leading player in the power sector financing domain. The stock is currently consolidating near its highs and has shown resilience. A breakout above Rs 466.75 could pave the way for further gains, while support levels at Rs 450.80 provide a strong base.
Fibonacci Levels:

23.6%: Rs 454.56
38.2%: Rs 456.89
50.0%: Rs 458.77
61.8%: Rs 460.66
78.6%: Rs 463.34

NMDC

NMDC, a significant player in the mining sector with a market cap of Rs 20.33KCr, is currently showing stability near its support levels. With a robust dividend yield of 10.44%, the stock appeals to income-focused investors. A strong move above Rs 72.10 could trigger upward momentum, supported by its solid fundamentals.
Fibonacci Levels:

23.6%: Rs 69.83
38.2%: Rs 70.26
50.0%: Rs 70.61
61.8%: Rs 70.97
78.6%: Rs 71.46

REC

REC, with a market cap of Rs 1.34LCr, continues to attract attention for its high dividend yield and stable financial performance. The stock is trading near its resistance level of Rs 520.30, signaling potential bullish momentum if it crosses this mark. Support around Rs 505.85 ensures a strong base for accumulation.
Fibonacci Levels:

23.6%: Rs 509.26
38.2%: Rs 511.37
50.0%: Rs 513.08
61.8%: Rs 514.78
78.6%: Rs 517.21

NHPC

NHPC, a government-owned hydropower company with a market cap of Rs 80.71KCr, is consolidating near its support levels. The stock’s P/E ratio of 27.16 reflects a premium valuation, supported by its consistent performance in the renewable energy space. A breakout above Rs 82.41 could lead to further upward movement.
Fibonacci Levels:

23.6%: Rs 80.61
38.2%: Rs 80.95
50.0%: Rs 81.23
61.8%: Rs 81.51
78.6%: Rs 81.90