5 Muhurat trading bets for this Diwali
06 Nov 2018
Gautam Upadhyaya
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)
|
Rs97-98
|
Rs102
|
Rs95.2
|
NSE Code
|
Market Cap (in Rs cr)
|
52-week high/low
|
200-Day EMA
|
PFC
|
25753
|
Rs143/67
|
Rs90
|

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
|
Research Disclaimer