Diwali is a festival of prosperity. May all your wishes come true. I wish you a very happy, healthy and wealthy Diwali 2016.
Last year during Diwali -15, I had given 3 Diwali picks. Hope you would have benefited from it. All the 3 picks reached their targets.
You can refer last year's Diwali Picks article here.
This year I have created a portfolio with a mix of Large, Mid and Small Caps with a horizon of one year. Hope this works well. You are advised to read the disclaimer below this article before investing/ trading this portfolio.
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1. Alkyl Amines Chemicals Ltd.
The stock has formed nice anticipated continuation wedge on monthly scale. Volumes are showing substantial activity. Stock is trading at a PE of 15.
- Stoploss: 310
- Target: 570 & 660
2. Gufic Biosciences Ltd.
I love this pattern. A correction after breakout. Correction takes back the stock to an important support. The demand increases and the rally resumes.
- Stoploss: 35
- Targets: 55 & 71
3. HCL Technology:
Swimming against the stream. HCL Tech chart is different as compared to all other IT companies. Trading near good support. Demand is expected to rise here.
- Stoploss: 730
- Targets: 940 & 1030
4. V2 Retail:
Technical bet among all odds. Clean rounding bottom without a substantial resistance nearby can take this stock to our targets.
- Stoploss: 115
- Target: 235 & 360
5. Bharat Electronics Ltd (BEL):
Govt of India enterprise, a giant. A ascending triangle formation can lead to the stock to new highs.
- Stoploss: 1180
- Target: 1565& 1710
6. Premco Global Ltd:
This one is a microcap textile company. Technical and Fundamentals looks quite well placed. Trading volumes are less. However seems to be a good potential stock.
- Stoploss: 555
- Targets: 810 & 940
Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on above write-up.