From mint · Raja Venkatraman · · 2m
Raja Venkatraman's 12 October Stock Picks
Raja Venkatraman recommends Federal Bank and CP Plus for 12 October trading.
In brief
Raja Venkatraman recommends Federal Bank and CP Plus for 12 October trading. Raja Venkatraman recommends Federal Bank and CP Plus for 12 October trading. Originally reported by mint.
Market Recap
Indian equities navigated a volatile week from 5 to 9 October 2026, marked by alternating bouts of selling pressure and sharp recoveries.
Raja Venkatraman's Picks
Raja Venkatraman, co-founder of NeoTrader, recommends three stocks for 12 October: Federal Bank, CP Plus, and ABDL.
Federal Bank Recommendation
Federal Bank Limited (FEDERALBNK) is a major Indian private sector commercial bank blending extensive technological adoption with physical customer service.
Federal Bank Technicals
Since August the stock has been declining, correcting by nearly 10% to reach support around 320. A strong thrust attracts buying interest and RSI support could help prices rebound.
Federal Bank Trade Strategy
Buy above ₹ 331 with a stop loss at ₹ 315 and target price of ₹ 365 within two months.
CP Plus Recommendation
CP Plus is India's leading video security and surveillance brand owned and operated by Aditya Infotech Limited.
CP Plus Technicals
The stock has formed a steady rounding pattern at Kumo clouds, facing resistance on every rise, with recent decline finding strong demand to the downside.
CP Plus Trade Strategy
Buy above ₹ 4190 with a stop loss at ₹ 3980 and target price of ₹ 4510 within two months.
ABDL Recommendation
Allied Blenders & Distillers Ltd. (ABDL) is one of India's leading alcoholic beverage and spirits companies.
ABDL Technicals
The stock has formed a steady rounding pattern at Kumo clouds, facing resistance on every rise, with recent decline finding strong demand to the downside.
ABDL Trade Strategy
Buy above ₹ 715 with a stop loss at ₹ 675 and target price of ₹ 785 within two months.
Market Outlook
Markets continue to move in consolidation mode with volatility as sentiment wavers despite efforts to move above 22800 for bullish sentiment.
The key point
Raja Venkatraman recommends Federal Bank and CP Plus for 12 October trading.
