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Stocks to buy for this Diwali: Muhurat Trading Stock Picks 2020

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On today’s auspicious occasion of Diwali, NSE has announced the muhurat trading session for 2020 that will begin from 6:15 pm to 7:15 pm. Here are the stocks that you may take:

Bharti Airtel:

Has already started its new uptrend and is looking extremely bullish on charts. Buy on every decline for targets as 690 and 740 till next Diwali. CMP: 477.

Bandhan Bank:

Downside momentum is losing and we are expecting that stock will be breaking above the declining trend line on the weekly chart. Buy for targets as 440 and then 465. CMP: 344.

HDFC Life Insurance Co:

This stock seems to be beaten down on a chart but has good fundamentals, so the downside seems to be limited here and the upside target can be 840 in 1 year’s time. CMP: 628.

Tata Motors:

Stock has already broken above the trend line and its stock is more likely to continue its up-move. So the stock has a target of 180 and then 210 in 9 to 12 months. CMP: 145

ICICI Bank:

Q2 earnings were not up to the expectation, but the company is looking good for investment as it is low beta stock. Necessary for a well-diversified portfolio. We see a target for this stock at 550. CMP: 485

Galaxy Surfactants:

Stock for investment, we have seen the stock has surged very much so wait for the stock to give a pullback and then take that pullback as an investment opportunity. Long term target is 2090. CMP: 1832.

Kansai Nerolac Paints:

This stock seems to be beaten down on a chart but has good fundamentals, so downside seems to be limited here and upside target can be 620 in 1 year time. CMP: 507.

Polycab:

This stock seems to be beaten down on a chart but has good fundamentals, so downside seems to be limited here and upside target can be 1490 in 1 year time. CMP: 918.

Metropolis Healthcare:

This stock seems to be beaten down on a chart but has good fundamentals, so downside seems to be limited here and upside target can be 2375 in 1 year time. CMP: 1902.

Tata Consumer:

This stock has been in the uptrend, both technicals and fundamentals are in favor of stock, strong buy. We are seeing this stock has tremendous potential to become another multi-bagger in 12 months time. CMP: 514.

Wish you all a very Happy Diwali and Prosperous New Year. 🙂

We have also started the Advance Options Trading Course exclusively for our readers.

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About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. Fortune8 says

    Hi,
    Happy Deepavali

    Reply

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