Which 4 stocks to pick up this Diwali that can give 40% returns?

Nifty had been all over the places over past few months but if you look at the closing on the previous Diwali period it was near 10146 and still prices are trading near 10500 levels. So over the entire year there had been a huge up move towards 11760 levels and low below 10000. In this volatile movement there have been only a few handful of stocks that managed to outperform.

Many ask me to give just one stock that will double in just over 2 to 3 months. I think it is more of gambling when you invest to double it that too on just 1 single stock that too over in 2 to 3 months. If you have a basket of 10 to 15 stocks systematically selected for the 3^rd wave impulse rise I am not ruling out the possibility of a few turning out to be leading the race but expecting that in just a few months is too much to demand and in current market scenario the theme is going to be revolving around protecting the captital. But if you can identify the ones that can still give around 40% to 50% returns in over one to two years it will still be outperforming all the asset classes.

Let me run you through a few of the stocks that we have been bullish on. Not every stock worked out the way but only a few will be responsible to drive your portfolio higher. The others might give minor profits or some losses. But the big runners will payoff for the entire struggle. It is therefore very important to create a portfolio of stocks that consists of atleast a few stocks so that even if 50% of them becomes a multibagger it will payoff for all the hard work.

Now let us look at a few stocks that we recommended.

Reliance Multibagger stock with 77% returns in just over a year!

See yourself the chart of Reliance Industries which rose from the level of 700 to 1236

Reliance Industries Weekly chart: adjusted for split (anticipated in April, 2017)

Reliance Multibagger stock with 77% returns in just over a year!

Reliance Industries Weekly chart: Happened

L&T Infotech

See yourself below chart of L&T Infotech which helped us to be bullish at 1390 levels and the stock touched intraday high of nearly 1917 in today’s session. That is a whopping 38% return in just over 6 months

L&T Infotech daily chart: Anticipated on 8^th March 2018

L&T Infotech daily chart: Happened as on 4^th September 2018

To name a few other stocks that gave returns of nearly 70% to above 200% have been Sundaram Clayton, Bajaj Finserv, Pidilite.

However these stocks managed to give exorbitant returns as the overall market direction also supported the strong rise. However, I am going to tone down a bit given that the markets are going to be in roller coaster ride over next 1 year or so. During this period which stocks you can pick up that has potential to give returns of around 40% to 50%?

We are publishing a special report this Diwali which will provide 4 stocks that has potential to outperform the market. The targets are conservative given that the main index can be in doldrums but these stocks has the probability to outperform. Always remember there will be risks involved and so one should use strict risk management strategy before entering.

So which are these stocks that are probably exhibiting strong Elliott wave pattern and has potential to stand the test of time when the markets will come down. You can know more about the Diwali special research report here

For more details on this research report you can also call us / whats app on +91 9920422202 or write to us at helpdesk@wavesstrategy.com