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Cracker stocks this Diwali! Axis Direct selects 10 technical stock with 48% upside potential for Samvat 2083

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Cracker stocks this Diwali! Axis Direct selects 10 technical stock with 48% upside potential for Samvat 2083
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Market & Financial Impact: Aurobindo Pharma, Hindustan Aeronautics, and IOL Chemicals demonstrate solid growth prospects for the coming year. Similarly, Jyoti CNC Automation and Karnataka Bank are expected to experience significant gains according to their long-term performance charts. Noteworthy mentions also include Dr. Lal Path Labs, Mayur Uniquoters, and Shivalik Bimetal Controls, all showcasing attractive target prices.
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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

The pharma company currently trades at a CMP of Rs 1,660, with a target price of Rs 2,100, representing a potential upside of 39% over a 12-month time frame. Aurobindo Pharma’s long-term chart shows a breakout above a prolonged consolidation range, followed by a retest of the breakout zone around Rs 1,000–1,100. The subsequent rebound suggests that the former resistance zone is acting as support, strengthening the case for a continuation of the broader uptrend.

State-owned defence major trades at a CMP of Rs 4,870 and has a target price of Rs 5,850, offering a potential upside of 25% over a 12-month time frame. On the monthly chart, HAL has consolidated within a contracting range following a strong uptrend, forming a symmetrical triangle. The price has recently moved above the descending trendline, suggesting a potential resumption of the broader uptrend.

The company has a CMP of Rs 185 and a target price of Rs 235, which reflects a potential upside of 45% over a 12-month time frame. On the six-monthly chart, IOLCP appears to be emerging from a prolonged consolidation that followed a strong advance. The recent move above the upper boundary of this range suggests a potential resumption of the broader uptrend.

The share price currently trades at a CMP of Rs 957, with a target price set at Rs 1,255, implying a potential upside of 48% over a 12-month time frame. On the quarterly chart, Jyoti CNC Automation Limited has broken above the upper boundary of a descending channel, signalling a potential improvement in its broader price structure.

The private lender trades at a CMP of Rs 306 and carries a target price of Rs 395, offering a potential upside of 45% over a 12-month time frame. On the long-term chart, the stock has broken out of a prolonged sideways consolidation and subsequently tested the breakout zone over three consecutive candles.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Economic Times ↗
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