Defence stocks breakout: Should you book profits or buy the dip?

Defence stocks are surging once again, posting double-digit gains and decisive breakouts that have captured investor attention. But with key heavyweights flashing overbought signals, is it time to exit or add more? Anand James, Chief Market Strategist at Geojit Investments Limited, analyses the technicals and advises investors to avoid chasing the rally and instead use a 'buy-on-dips' strategy to navigate this strong, well-entrenched bullish trend.Edited excerpts from a chat:Nifty ended in the g...