Diwali 2026 Muhurat Trading Stocks: Investors preparing their portfolios for Samvat 2083 have six technical stock recommendations from HDFC Securities, with potential upside ranging from 19% to 28% over the period until the next Diwali. The brokerage's Muhurat Trading Technical Picks report identifies opportunities across the oil and gas, IT, financial services, steel and credit sectors.
Along with two price targets for each recommendation, it has specified entry ranges, average levels and closing-basis stop losses to help investors track the suggested trades. HDFC Securities also cautioned that its report should not be the sole basis for investment decisions. Here are the six recommendations and the technical factors behind them.
HDFC Securities has recommended BPCL in the ₹304–315 range, with an average level of ₹289. Its price targets are ₹342 and ₹366, while the closing-basis stop loss is ₹274.
The brokerage's bullish view is supported by the stock's broad consolidation base between ₹275 and ₹330 since March. BPCL has broken above a falling channel that had been in place between August and October and has formed higher lows around ₹277–280. An inverse head-and-shoulders pattern, with its head near ₹277, has also completed a breakout above the ₹296–300 neckline. The stock has moved above its 50-day exponential moving average, while weekly stochastic indicators have exited the oversold zone.
HDFC Securities said, “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.”