Diwali Picks 2023

Ruchit Jain Ruchit Jain

Last Updated: 9th November 2023 - 11:46 am

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Apollo Hospital 

Buy Range – 5100-5000        Support Levels – 4900/ 4620        Potential Targets – 5590/ 5750 

Apollo HospitalRationale

  • Stocks forms support base at 4700-4750

  • Low volumes during correction

  • RSI oscillator gives positive crossover

Voltas

Buy Range – 810-800        Support Levels – 790/ 745        Potential Targets – 895 / 950 

VoltasRationale

  • Stock is going through a time-wise corrective phase

  • Major support at monthly 89 EMA

  • Rising volumes in recent upmoves

GAIL

Buy Range – 123-120 Support Levels – 116/ 111 Potential Targets – 135/ 144

GAIL

Rationale

  • Stock is trading in a rising channel

  • Major support at 100 DEMA

  • RSI oscillator gives positive crossover

NIACL

Buy Range – 140-135 Support Levels – 130/ 124 Potential Targets – 155/ 169

NIACLRationale

  • Stock is forming ‘Higher Top Higher Bottom’

  • Major support at weekly 20 EMA

  • Volumes rising gradually

GodrejProp

Buy Range – 1760-1720 Support Levels – 1660/ 1580 Potential Targets – 2000/ 2170

Godrej PropRationale

  • Stock has given a breakout from consolidation phase

  • Major support at daily 100 EMA

  • Sectoral trend positive, stock resuming its uptrend post consolidation

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