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

Stock	Power Finance Corporation Ltd
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.
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

Stock	Oberoi Realty Ltd
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.
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

Stock	DCB Bank Ltd
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.
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
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.
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

Stock	Tata Global Beverages Ltd
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.
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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