1 / 12Tradebulls Securities has listed 10 names as its high-conviction bets for Samvat 2082 as part of its Diwali stock picks. These stocks, which include Adani Ports, Lupin, Kotak Mahindra Bank, Bajaj Auto, Chola Finance, Graphite India, LTIMindtree, Nuvoco Vistas, BSE and NMDC, are showcasing robust chart structure and can offer potential upside of up to 100% over the next 12 months, according to Sacchitananad Uttekar, VP-Research (Derivatives & Technicals) at Tradebulls.
2 / 12The Nifty 50 remains in a construction consolidation with 25,800 emerging as a key breakout zone. A decisive move above this threshold can unlock the next uptrend towards the 27,255 levels for the Nifty, propelled by robust liquidity and steady institutional demand, according to the note. Lets look at their stock picks in detail:
3 / 12Adani Ports & SEZ | Tradebulls projects a potential upside of 39.6% on shares of Adani Ports based on its chart structure, which derives a price target of ₹2,010. Stop loss for the trade should be placed 9.5% below the October 13 closing level of ₹1,437.
4 / 12Lupin | Lupin’s charts project a price target of ₹2,660, according to Tradebulls, which implies a potential upside of 34.9% and the stop loss should be placed 9.7% below Monday’s closing price of ₹1,972.
5 / 12Kotak Mahindra Bank | The private sector lender’s charts are projecting a potential upside of 45.4% from current levels, indicating a price target of ₹3,129. The stop loss should be placed 10.3% below Monday’s closing price of ₹2,152.
6 / 12Bajaj Auto | The two and three-wheeler manufacturer can deliver a potential upside of 28.3% from current levels, according to Tradebulls, who recommends placing a stop loss 11.3% below October 13’s closing level of ₹9,066 for this trade.
7 / 12Cholamandalam Investment & Finance | Tradebulls projects a 25.1% upside for this stock over the next 12 months and the stop loss for this trade should be placed 12% below the October 13 closing level of ₹1,647.
8 / 12Graphite India | The stock has the highest upside potential among the list of Tradebulls’ picks, as the brokerage expects the stock to double over the next 12 months. Stop loss for this trade should be placed 13.4% below the October 13 closing level of ₹554.
9 / 12LTIMindtree | The company, which just announced its results recently, could see a potential upside of 30.8% from current levels, according to Tradebulls, who recommends placing a stop loss of 13.6% below the October 13 closing level of ₹5,498.
10 / 12Nuvoco Vistas | The stock is likely to see an upside of up to 55% from the current levels, according to Tradebulls, and the stop loss for this trade should be placed between the October 13 closing price of ₹429.
11 / 12BSE | The stock is likely to deliver a potential upside of 27.6%, according to Tradebulls, who sees the stop loss for this trade at a level that is 16.8% below the October 13 closing price of ₹2,476.
12 / 12NMDC | The last stock on this list is a PSU and Tradebulls expects shares of NMDC to rise by 75.3% over the next 12 months. Stop loss for this trade is recommended to be placed 19.5% below the October 13 closing price of ₹77.
