ECONOMY

Top Technical Stock Recommendations For Diwali And Samvat 2078: Anand Rathi

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Diwali technical pick is an equity product specially designed to maximise 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 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.

Top Stock Picks- IDFC First Bank Ltd. – Apart from the exceptional year of 2020; the stock has been trading in a falling channel. Then after it has managed to breakout of the channel. The theoretical target of channel is of around 30 points higher from the breakout point of 47.

After the breakout in the month of January 2021; IDFC First Bank’s stock again retested that breakout zone and is now moving higher.

Click on the attachment for full list of Anand Rathi’s Diwali technical stock picks:

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

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