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INFORMATION
SEBI Registration Number
INH300003306 |
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Diwali picks for
2023-2024 -- November 12, 2023 |
Happy Deepawali to you
all.
May the festivals of lights illuminate your life with
happiness joy and good health..
Wish you all a very happy and prosperous year ahead. |
Longer term picks: |
1) Bikaji foods (515.80): Buy small quantity at
current prices and accumulate at any dip till it
sustains above 500-490 range...stop loss 474.. targets
may be 545, 566, 585 or even 610 over 4-6 months..
▪ Industry: Consumer Food
▪ Market cap: 12872 cr.
▪ 20 dema : 493
▪ 50 dema : 484
▪ Return over last 1 year : 60%
2) Coal India (323.40): Buy small qtty at current
prices and accumulate at any dip till it sustains above
305-295-range..stop loss 284.. targets may be 350-376,
397 or even 420 over 6-8 months..
▪ Industry: Mining & Minerals
▪ Market cap: 199333 cr
▪ 20 dema :310
▪ 50 dema :291
▪ 100 dema :271
▪ Return over last 1 year : 27%
▪ Return over last 5 years: 19%
3) PFC (287.70 ): Buy small qtty at current prices and
accumulate more at any dip till it sustains above
270-266-range..stop loss 250.. targets may be 298, 305,
313 or even 320-325 over 4-6 months..
▪ Industry: finance term lending
▪ Market cap: 94944 cr
▪ 10 dema : 263
▪ 20 dema: 256
▪ 50 dema :253
▪ Return over last 1 year : 198%
▪ Return over last 5 years: 245%
4) NMDC (168.70): Buy small qtty at current prices and
accumulate more at any dip till it sustains above
157-155-range..stop loss 144.... targets may be 182,
195, 200 or even 215 over 4-6 months..
▪ Industry: Mining & minerals
▪ Market cap: 49425Cr
▪ 20 dema:157
▪ 50 dema:148
▪ Return over last 1 year: 48%
▪ Return over last 5 years: 53%
Short term trades:
5) Chembond Chemicals (443.45): Buy only small qtty at
current prices and accumulate more at any dip till it
sustains above 420-410-range..stop loss 395.... targets
may be 460, 475, 490 or even 515 over 2-3 months..
▪ Industry: Chemicals
▪ Market cap: 600cr.
▪ 10 dema :411
▪ 20 dema:395
▪ 50 dema:387
▪ Return over last 1 year :97%
▪ Return over last 5 years: 111%
6) Mrpl (113.75): Buy small qtty at current prices and
accumulate more at any dip till it sustains above
105-100-range..stop loss 92.... targets may be 124, 132,
140 or even 145-149 over 2-3 months..
▪ Industry: Refinery (oil& gas)
▪ Market cap: 19936 Cr.
▪ 10 dema :109
▪ 20 dema:105
▪ 50 dema:98
▪ Return over last 1 year : 109%
▪ Return over last 5 years: 37%
7) Nelcast (175.65): Buy small qtty at current prices and
accumulate more at any dip till it sustains abv
165-162-range..stop loss 157..targets may be 190,
200, 210 or even 217 over 2-3 months.
▪ Industry: Metals & Mining (casting and forging).
▪ Market cap: 1524 Cr.
▪ 10 dema :168
▪ 20 dema:163
▪ 50 dema:151
▪ Return over last 1 year: 87%
▪ Return over last 5 years: 120%
(Data as of November 10, 2023)
Disclosure :
Myself and my family have invested in some of these
stocks mentioned here.
Pls do your due diligence before investing. The above is
for educational purposes only.
Happy Investing.
Regards
Simi Bhaumik
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Note:
Please use these calls only if you feel comfortable.
Otherwise avoid taking intraday positions, even if you
do, use strict stop losses and cut the loss immediately
if market shows any counter-directional swing.
Note:
Calls are based only on technical studies.
Stop-loss is an essential risk control mechanism; it
should always be there.
Trading involves considerable risk. Trade at your own
risk to the extent you are comfortable.
Please
note that
Short term means: 2/ 3 days – 3weeks.
Medium term means: more than 3 weeks to 3 months.
Long term means more than 3 months to 1 year.
Trade well
Simi Bhaumik
Research Analyst
(Regn. No.# INH300003306) |
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Disclaimer |
Trading involves considerable risk. Trade at your own
risk to the extent you are comfortable. The analyst
shall not be responsible for any losses incurred for
acting on these recommendations. |
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