5 Muhurat trading bets for this Diwali
06 Nov 2018
Gautam Upadhyaya
1) Power Finance Corporation Ltd - Buy
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Stock
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Power Finance Corporation Ltd
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Recommendation
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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
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs97-98
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Rs102
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Rs95.2
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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PFC
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25753
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Rs143/67
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Rs90
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2) Oberoi Realty Ltd – Buy
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Stock
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Oberoi Realty Ltd
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Recommendation
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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
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs436-440
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Rs455
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Rs427
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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OBEROIRLTY
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15996
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Rs609/351
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Rs456
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3) DCB Bank Ltd – Buy
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Stock
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DCB Bank Ltd
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Recommendation
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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
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs164.5-166.5
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Rs172
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Rs161.4
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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DCBBANK
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5119
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Rs206/139
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Rs169
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4) Larsen & Toubro Ltd – Buy
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Stock
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Larsen & Toubro Ltd
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Recommendation
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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
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs1352-1365
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Rs1411
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Rs1324
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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LT
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190428
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Rs1469/1176
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Rs1285
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5) Tata Global Beverages Ltd – Sell
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Stock
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Tata Global Beverages Ltd
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Recommendation
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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
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Range
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Target
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Stop Loss
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Sell (Nov Futures)
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Rs214-216
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Rs206
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Rs221
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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TATAGLOBAL
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13528
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Rs328/205
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Rs241
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Research Disclaimer