MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024
NSE:SARLAPOLY
Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India.
Technical View:-
On monthly chart it has given a strong breakout on good volume and completed a retest,
CMP @94 looks Good to enter for a follow up Move
Stop level should be below -50
Target levels are - 150,220,350+
NSE:GODREJAGRO
Godrej Agrovet Ltd. engages in the manufacturing and marketing of animal feeds. It operates through the business segments: Animal Feed, Crop Protection, Vegetable Oil, Dairy and Other Business. The Other Business segment includes, seed business, energy generation through windmill, real estate, poultry and cattle breeding businesses. The company was founded in 1992 and is headquartered in Mumbai, India.
Technical View:-
The monthly chart breakout is good and now forming a Retest Of the zone, you can take a Few quantities on muhurat day but more quantities should only be added on the confirmation of retest only.
CMP is 712.80 But for confirmation, we need a weekly candle close above 730 Zone.
StopLoss level is 480
Targets are 950,1150,1500+
Note:- Always Use proper Position sizing rules before entering in the trade.
Keep Learning,
Happy Trading,
Enjoy Festival.
Diwalidhamaka
IDFC LTD: DIWALI PICK 2023 Stock is forming higher highs and higher lows which is he basic definition of an uptrend and has given a breakout of 15 years of range in an impulsive manner. The impulse unfolding will have a five structure of which 'Third-wave' is still unfolding. As we already know that Third waves are the wonder to behold, the Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing below 75 will force us for the re-assessment the idea. Until then we are aggressively bullish on the stock for 220-240 zone and beyond that in the coming years.
Happy Diwali
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