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Anand Rathi Report
Diwali technical pick is an equity product specially designed to maximize the wealth over a period of one year (This Diwali to Next Diwali), based upon strong technical patterns from the universe of NSE F&O and Cash counters. The report, comprises of six - eight stock recommendations for the very auspicious occasion of Diwali. The stock selection are purely based upon Technical and Derivative parameters, considering the overall momentum in the market.
Deepak Nitrite Ltd. - Since many years; Deepak Nitrite has been in a strong uptrend and it can be seen that the stock has been respecting the placement of 100 weeks' eponential moving average. Even this time; the stock found support at the moving average and has confirmed a breakout from the falling channel. Price action indicates that the stock might continue with its northward journey in the coming year too.
Godrej Properties Ltd. - Godrej Properties has corrected a lot from the top but has been respecting the placement of 200 week's EMA and simple moving average since many years. It is witnessing a double bottom formation at the demand zone. Since the past few months; the volumes have been declining and that indicates that the selling is getting exhausted and that gives excellent risk reward to go long.
Zydus Lifesciences Ltd. - The long-term trend line on the monthly chart of Zydus Lifesciencs dictates that the stock is turning from crucial support. It has managed to stay above the flat line and in fact, it is now trading back above the same. The stock seems to be resuming its uptrend and in such a scenario, it has the potential to retest life high in the coming months.
Click on the attachment for full list of Anand Rathi's Diwali stock picks:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
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