Article

5 Muhurat trading bets for this Diwali

07 Aug 2019 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

Similar Articles
  • Responses
  • Patidar Samaj

    - 2 hrs ago

    This article claims RJio was given a "Backdoor Entry" into the 4G Based Voice Routing. The peculiar aspect is without the Voice License, Rjio would have been a mere ISP. With the license, it is now a holistic communications service provider, with ability to exponentially scale the bouquet of products. The events indicate it was meticulously planned way before the auctions because the auctions were clear on the agenda: 4G for internet only.

Load More
Have Referral Code?

Recent Articles

Beginner's Corner

5 Muhurat trading bets for this Diwali

07 Aug 2019 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