PL Capital lists ten Diwali 2026 stock picks ahead of Samvat 2083
PL Capital’s technical research desk recommended ten Indian equities for Diwali 2026, citing support levels, RSI reversals and other chart patterns, while the BSE and NSE announced the schedule for the Diwali Muhurat trading session on November 8.
India’s equity market entered Samvat 2082 with heightened volatility, foreign selling and a near-11% year-to-date decline in the Nifty 50, according to PL Capital. As investors look ahead to Diwali and Samvat 2083, the brokerage’s technical research desk released a list of ten stocks it considers poised for upside, based on indicators such as support zones, RSI reversals, breakout patterns and moving-average support.
"The RSI has corrected well and is currently near the oversold zone, indicating a positive trend reversal," the report said of Apollo Hospitals, which PL Capital rates as a buy with a target of Rs 9,800-10,400 and a stop-loss at Rs 7,000.
DLF Ltd is also flagged as a buy, with a target range of Rs 860-960 and a stop-loss at Rs 570, after the stock consolidated above its 200-day EMA and formed a higher-bottom pattern.
Similar technical bullish signals were cited for GE Vernova T&D India (target Rs 5,100-5,450, stop-loss Rs 3,400), HBL Engineering (target Rs 1,000-1,080, stop-loss Rs 670), Jindal Steel (target Rs 1,290-1,360, stop-loss Rs 900), Marine Electricals (target Rs 520-560, stop-loss Rs 355), Shilpa Medicare (target Rs 1,230-1,335, stop-loss Rs 765), Syrma SGS Technology (target Rs 1,970-2,120, stop-loss Rs 1,290), TARIL (target Rs 385-440, stop-loss Rs 260) and TD Power System (target Rs 870-940, stop-loss Rs 580).
The report highlighted each stock’s recent price action, such as higher-low formations, breakout above key moving averages and volume-supported rallies, suggesting further upward movement in the coming days.
Separately, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) announced that Diwali Muhurat Trading will be held on Sunday, November 8, from 2:20 pm to 3:30 pm, with a one-hour special trading window and specific timings for login, block deals and order entry.
The article includes a disclaimer that the investment views expressed are those of the analysts and not of the publishing platform.