Business · Markets · 2 hrs ago
NeoTrader’s Raja Venkatraman names three stocks to watch on 12 October
Raja Venkatraman, co-founder of NeoTrader, named Federal Bank, CP PLUS and Allied Blenders & Distillers as stocks to trade on 12 October.
The companies operate in banking, video security and alcoholic beverages, respectively.
His recommendations are based on technical signals, including price patterns and the Relative Strength Index, which traders use to assess momentum.
He suggested buying Federal Bank above ₹331, CP PLUS above ₹4,190 and Allied Blenders & Distillers above ₹715.
He also set stop-loss levels and target prices for each, with the targets framed over two months.
Indian shares had rebounded on 9 October, with the Sensex and Nifty rising after a volatile week.
The article gives no later outcome for the suggested trades.
NeoTrader co-founder Raja Venkatraman recommended Federal Bank, CP PLUS and Allied Blenders & Distillers for 12 October.
The article gives suggested buy levels, stop-losses and target prices for each stock.
Federal Bank’s suggested target is ₹365, while CP PLUS’s is ₹4,510 and Allied Blenders & Distillers’ is ₹785.
Indian equities recovered on 9 October, with the Sensex rising 806 points and the Nifty gaining 261 points.
- Who
- Raja Venkatraman, co-founder of NeoTrader.
- What
- He recommended Federal Bank, CP PLUS and Allied Blenders & Distillers as stocks to trade.
- When
- 12 October 2026.
- Where
- India’s stock market.
- Why
- He cited technical patterns and indicators, including support levels and the Relative Strength Index, as reasons for the recommendations.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Indian equities experienced a volatile week of selling pressure and recoveries.
The Sensex rose 806 points and the Nifty gained 261 points in a broad market recovery.
Raja Venkatraman recommended three stocks for trading.
- Federal Bank
- Buy above ₹331; stop loss ₹315; target ₹365
- CP PLUS
- Buy above ₹4,190; stop loss ₹3,980; target ₹4,510
- Allied Blenders & Distillers
- Buy above ₹715; stop loss ₹675; target ₹785
- Sensex, 9 October
- Closed at 72,399.32, up 806 points
- Nifty, 9 October
- Closed at 22,493.15, up 261 points
Sources
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