New Delhi, July 1 -- Shares of DCX Systems, a key player in the defence sector, have caught the attention of analysts at Anand Rathi, who foresee a potential sharp upside in the stock price. Despite recent weakness, the brokerage has issued a bullish call, forecasting a 16 percent gain in the near term based on a strong technical setup and improving momentum indicators. This article delves into the factors driving the optimism around DCX India and whether investors should consider adding it to their portfolios.

According to Anand Rathi, DCX India is currently trading near a critical support zone between Rs.275 and Rs.280. This level aligns with a previous breakout area and the S3 monthly Camarilla pivot, marking a significant technical f...