HDFC Securities Names Six Stocks for Diwali 2026 Trading

HDFC Securities Muhurat Trading Picks

HDFC Securities named six technical stock picks for Samvat 2083, forecasting potential gains of 19% to 28% through next Diwali.

“The Aug-Oct falling channel has been broken on the upside, with higher lows from 277-280. An inverse head and shoulders (head near 277) has formed since 8 Oct; today's close above the 296-300 neckline completes it.”

BPCL Stock Recommendation

HDFC Securities recommends BPCL in the ₹ 304, 315 range with targets of ₹ 342 and ₹ 366, stop loss ₹ 274, potential upside 20%.

HCL Technologies Stock Recommendation

HDFC Securities recommends HCL Technologies in the ₹ 1,405, 1,440 entry range with targets of ₹ 1,580 and ₹ 1,686, stop loss ₹ 1,250, potential upside 20%.

“Stock price has broken out from inverted head and shoulder pattern on the weekly chart. Price breakout is accompanied with jump in volumes on weekly charts.”

IIFL Finance Stock Recommendation

HDFC Securities recommends IIFL Finance in the ₹ 578, 600 range with targets of ₹ 670 and ₹ 720, stop loss ₹ 510, potential upside 24%.

JSW Steel Stock Recommendation

HDFC Securities recommends JSW Steel in the ₹ 1,340, 1,383 range with targets of ₹ 1,505 and ₹ 1,600, stop loss ₹ 1,195, potential upside 19%.

Satin Creditcare Stock Recommendation

HDFC Securities recommends Satin Creditcare in the ₹ 256, 265 range with targets of ₹ 300 and ₹ 330, stop loss ₹ 220, potential upside 28%.

“The breakout was accompanied with a positive MA crossover as the 20-week SMA moved above the 50-week SMA. The stock then gradually moved higher before pulling back in the months of July-September 2026 to test a low of 210.”

Zensar Technologies Stock Recommendation

HDFC Securities recommends Zensar Technologies in the ₹ 533, 548 range with targets of ₹ 615 and ₹ 666, stop loss ₹ 469, potential upside 25%.

Technical Factors for Trading

The recommendations cover oil and gas, IT, finance, steel and credit sectors with entry ranges, price targets and stop losses specified.

HDFC Securities Caution

HDFC Securities cautioned that its report should not be the sole basis for investment decisions.

Author Background

Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments.

Author Expertise

Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities.

Disclaimer

The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.