Diwali stocks to buy 2022: Technical recommendations from top brokerages
Diwali Stock Ideas During the year, Nifty and Sensex crossed the 18000 and 60000 marks, respectively, multiple times but due to uncertain global cues and continued profit booking at higher levels from FIIs, they failed to sustain above the same. After a roller-coaster price action, currently, Nifty and Sensex are trading near the 200-day SMAs. This Diwali, brokerages have selected some of the promising stocks as their top picks which on technical parameters have the strength and potential to yield decent returns in the next one-year time frame. These stocks are also fundamentally well-placed. Here are 10 technical recommendations from top brokerages: 2 / 11 Arvind Fashion | Target price: Rs 400-440 | Upside potential: 32% At this juncture, Arvind Fashion is on the verge of a fresh breakout and that indicates a continuation of the prior uptrend. “We have been witnessing heavy volumes on the counter with bullish price action and that suggests the possibility of accumulation,” Anand...