5 Muhurat trading bets for this Diwali

5 Muhurat trading bets for this Diwali

by Gautam Upadhyaya Last Updated: 2021-09-09T14:23:51+05:30

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


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