Wed Oct 30 01:40:26 UTC 2024: ## HDFC Securities Predicts Strong Returns for Four Stocks in Samvat 2081

**New Delhi, India:** HDFC Securities has identified four stocks that it believes are poised for strong returns in the upcoming Samvat 2081, which begins with the Muhurat trading session on Friday, October 25th. The brokerage firm highlighted **Axis Bank Ltd, Can Fin Homes Ltd, Karur Vysya Bank Ltd, and Stylam Industries Ltd** as promising candidates based on their solid technical chart performance.

Axis Bank, currently finding support near its 40-week EMA, has formed a bullish Hammer candlestick pattern on the weekly chart. The stock has also shown bullish momentum in its stochastics oscillator and has consistently formed higher highs and higher lows, indicating a positive trend. HDFC Securities recommends buying Axis Bank in the range of Rs 1,189-1,210 with target prices of Rs 1,332 and Rs 1,403.

Karur Vysya Bank, currently breaking out from a downward sloping trend line on the weekly charts, is exhibiting a resumption of its primary uptrend. The stochastics oscillator has also turned bullish, further supporting the positive outlook. HDFC Securities suggests buying Karur Vysya Bank in the range of Rs 214-218 with a target price of Rs 249, followed by Rs 269, and a stop loss at Rs 183.

Stylam Industries is showing a strong uptrend with bullish higher top-bottom formations on the weekly chart. The stock is trading above its 20- and 50-week moving averages, indicating a positive primary trend. Indicators and oscillators are also exhibiting strength on both weekly and monthly charts. HDFC Securities recommends buying Stylam Industries in the range of Rs 2,195-2,230 with target prices of Rs 2,560-2,690 and a stop loss at Rs 1,880.

Can Fin Homes has held strong despite recent market correction and is finding support in the range of Rs 820-828 for the past seven weeks. The stock is trading above all key moving averages, indicating a bullish trend across all timeframes. HDFC Securities recommends buying Can Fin Homes in the range of Rs 850-860 with a target price range of Rs 960-1,040 and a stop loss at Rs 765.

The Muhurat trading session will take place on Friday from 6 pm to 7 pm, with the pre-opening session taking place between 5:45 pm and 6 pm.

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