5 Muhurat trading bets for this Diwali
Gautam Upadhyaya
Last Updated: 24th April 2024 - 01:21 am
Stocks for Muhurat Trading 2023
1) Power Finance Corporation Ltd - Buy
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Stock |
Power Finance Corporation Ltd |
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|
Recommendation |
The stock has witnessed a double bottom breakout on the weekly chart and has also seen a flag pattern breakout on the daily chart backed by an uptick in volumes. Derivative data indicating fresh long positions in the stock. |
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|
Buy/Sell |
Range |
Target |
Stop Loss |
|
Buy (Cash) |
Rs 97-98 |
Rs 102 |
Rs 95.2 |
|
NSE Code |
Market Cap (in Rs cr) |
52-week high/low |
200-Day EMA |
|
PFC |
25,753 |
Rs143/67 |
Rs 90 |
2) Oberoi Realty Ltd – Buy
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Stock |
Oberoi Realty Ltd |
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|
Recommendation |
The stock is on the verge of a flag pattern breakout on the daily chart. It has also witnessed a bullish crossover on the weekly MACD-Histogram. We expect the positive momentum to continue and recommend a buy with target of Rs455. |
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|
Buy/Sell |
Range |
Target |
Stop Loss |
|
Buy (Cash) |
Rs436-440 |
Rs455 |
Rs427 |
|
NSE Code |
Market Cap (in Rs cr) |
52-week high/low |
200-Day EMA |
|
OBEROIRLTY |
15996 |
Rs609/351 |
Rs456 |
3) DCB Bank Ltd – Buy
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Stock |
DCB Bank Ltd |
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|
Recommendation |
The stock has witnessed a breakout from a symmetrical triangle on the daily chart backed by an uptick in volumes and has also witnessed a bullish crossover on the weekly MACD-Histogram. |
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|
Buy/Sell |
Range |
Target |
Stop Loss |
|
Buy (Cash) |
Rs164.5-166.5 |
Rs172 |
Rs161.4 |
|
NSE Code |
Market Cap (in Rs cr) |
52-week high/low |
200-Day EMA |
|
DCBBANK |
5119 |
Rs206/139 |
Rs169 |
4) Larsen & Toubro Ltd – Buy
|
Stock |
Larsen & Toubro Ltd |
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|
Recommendation |
The stock has formed a bullish engulfing candlestick pattern on the daily charts and is on the verge of a flag pattern breakout on the 15-minute chart. Derivative data indicates fresh long positions in the stock. |
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|
Buy/Sell |
Range |
Target |
Stop Loss |
|
Buy (Cash) |
Rs1352-1365 |
Rs1411 |
Rs1324 |
|
NSE Code |
Market Cap (in Rs cr) |
52-week high/low |
200-Day EMA |
|
LT |
190428 |
Rs1469/1176 |
Rs1285 |
5) Tata Global Beverages Ltd – Sell
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Stock |
Tata Global Beverages Ltd |
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|
Recommendation |
The stock has witnessed a breakdown below its support levels and has formed a large bearish candlestick on the daily chart. Derivative data indicates fresh short formation. |
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Buy/Sell |
Range |
Target |
Stop Loss |
|
Sell (Nov Futures) |
Rs214-216 |
Rs206 |
Rs221 |
|
NSE Code |
Market Cap (in Rs cr) |
52-week high/low |
200-Day EMA |
|
TATAGLOBAL |
13528 |
Rs328/205 |
Rs241 |
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Sachin Gupta
5paisa Research Team
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.