Diwali Picks 2023
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Last Updated: 9th November 2023 - 11:46 am
Buy Range – 5100-5000 Support Levels – 4900/ 4620 Potential Targets – 5590/ 5750
Rationale
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Stocks forms support base at 4700-4750
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Low volumes during correction
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RSI oscillator gives positive crossover
Buy Range – 810-800 Support Levels – 790/ 745 Potential Targets – 895 / 950
Rationale
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Stock is going through a time-wise corrective phase
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Major support at monthly 89 EMA
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Rising volumes in recent upmoves
Buy Range – 123-120 Support Levels – 116/ 111 Potential Targets – 135/ 144
Rationale
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Stock is trading in a rising channel
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Major support at 100 DEMA
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RSI oscillator gives positive crossover
Buy Range – 140-135 Support Levels – 130/ 124 Potential Targets – 155/ 169
Rationale
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Stock is forming ‘Higher Top Higher Bottom’
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Major support at weekly 20 EMA
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Volumes rising gradually
Buy Range – 1760-1720 Support Levels – 1660/ 1580 Potential Targets – 2000/ 2170
Rationale
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Stock has given a breakout from consolidation phase
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Major support at daily 100 EMA
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Sectoral trend positive, stock resuming its uptrend post consolidation
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