Diwali Picks 2023

Apollo Hospital 

Buy Range – 5100-5000        Support Levels – 4900/ 4620        Potential Targets – 5590/ 5750 

Rationale

• Stocks forms support base at 4700-4750

• Low volumes during correction

• RSI oscillator gives positive crossover

Voltas

Buy Range – 810-800        Support Levels – 790/ 745        Potential Targets – 895 / 950 

Rationale

• Stock is going through a time-wise corrective phase

• Major support at monthly 89 EMA

• Rising volumes in recent upmoves

GAIL

Buy Range – 123-120 Support Levels – 116/ 111 Potential Targets – 135/ 144

Rationale

• Stock is trading in a rising channel

• Major support at 100 DEMA

• RSI oscillator gives positive crossover

NIACL

Buy Range – 140-135 Support Levels – 130/ 124 Potential Targets – 155/ 169

Rationale

• Stock is forming ‘Higher Top Higher Bottom’

• Major support at weekly 20 EMA

• Volumes rising gradually

GodrejProp

Buy Range – 1760-1720 Support Levels – 1660/ 1580 Potential Targets – 2000/ 2170

Rationale

• Stock has given a breakout from consolidation phase

• Major support at daily 100 EMA

• Sectoral trend positive, stock resuming its uptrend post consolidation