EDUCATIONAL ANALYSIS - FEBRUARY 2023

 

Rationale report – 28.02.2023

Recommended stocks on – 28.02.2023

(1)         INFOSYS -

Ø Buy price : 1517

Ø Strong Support : 1490

Ø Resistance price : 1534 – 1543 - 1550

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT.

Recommended stocks on – 28.02.2023

(2)         HAVELLS -

Ø Buy price : 1177

Ø Strong Support : 1150

Ø Resistance price : 1194 - 1202

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 27.02.2023

(3)         NIFTY -

Ø Buy price : 17474 & 17404

Ø Strong Support : 17373

Ø Resistance price : 17533 – 17575 - 17606

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

Recommended stocks on – 22.02.2023

(4)         HAVELLS -

Ø Buy price : 1213

Ø Strong Support : 1180

Ø Resistance price : 1233 - 1240

Reasons for Buy Recommended –

Moving Averages (MA): The stock is currently trading below its 50-day and 200-day moving averages, indicating potential bullish momentum.

 

Rationale report – 27.02.2023

Recommended stocks on – 27.02.2023

(1)         NIFTY -

Ø Buy price : 17474 & 17404

Ø Strong Support : 17373

Ø Resistance price : 17533 – 17575 - 17606

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

 

Rationale report – 24.02.2023

Recommended stocks on – 24.02.2023

(1)         ACC -

Ø Buy price : 1740 & 1707

Ø Strong Support : 1707

Ø Resistance price : 1767 – 1775 - 1780

Reasons for Buy Recommended –

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth.

With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

Recommended stocks on – 24.02.2023

(2)         NIFTY -

Ø Buy price : 17570 & 17616

Ø Strong Support : 17533

Ø Resistance price : 17363 – 17670 - 17707

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

 

Rationale report – 23.02.2023

Recommended stocks on – 22.02.2023

(1)         HAVELLS -

Ø Buy price : 1190

Ø Strong Support : 1180

Ø Resistance price : 1233 - 1240

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Recommended stocks on – 24.02.2023

(2)         NIFTY -

Ø Buy price : 17570 & 17616

Ø Strong Support : 17533

Ø Resistance price : 17363 – 17670 -17696 - 17707

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

Rationale report – 22.02.2023

Recommended stocks on – 21.02.2023

(1)         INFOSYS -

Ø Buy price : 1560

Ø Strong Support : 1550

Ø Resistance price : 1594 - 1606

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT.

 

Rationale report – 21.02.2023

Recommended stocks on – 20.02.2023

(1)         HDFC  -

Ø Buy price : 2660

Ø Strong Support : 2620

Ø Resistance price : 2676 – 2690 - 2707

Reasons for Buy Recommended –

A 20-day moving average crossover appeared recently, with historical data indicating an average price gain of 2.61% within seven days following this signal over the past five years.

HDFC  robust financial performance and favorable projections suggest a positive long-term investment outlook.

 

Rationale report – 20.02.2023

Recommended stocks on – 16.02.2023

(1)         INDIGO -

Ø Buy price : 1880

Ø Strong Support : 1870

Ø Resistance price : 1933 - 1940

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Rationale report – 17.02.2023

Recommended stocks on – 14.02.2023

(1)         BALKRISHNA IND -

Ø Buy price : 2017 & 1990

Ø Strong Support : 1980

Ø Resistance price : 2037 - 2050

Reasons for Buy Recommended –

While BKT maintains a competitive advantage, there are concerns that profitability may rise over time if the company prioritizes revenue growth over margins.

Moving Average Convergence Divergence (MACD) :The MACD line is slightly above the signal line, indicating a potential bullish trend. 

Rationale report – 16.02.2023

Recommended stocks on – 16.02.2023

(1)         INDIGO -

Ø Buy price : 1600

Ø Strong Support : 1570

Ø Resistance price : 1617 – 1623 - 1630

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT.

With global digitization accelerating, Infosys is set to benefit significantly over the next decade.

Strong Financials like High ROE, zero debt, strong cash flows, and consistent dividends.

 

Rationale report – 14.02.2023

Recommended stocks on – 14.02.2023

(1)         BALKRISHNA IND -

Ø Buy price : 1990

Ø Strong Support : 1980

Ø Resistance price : 2037 - 2050

Reasons for Buy Recommended –

While BKT maintains a competitive advantage, there are concerns that profitability may rise over time if the company prioritizes revenue growth over margins.

Moving Average Convergence Divergence (MACD) :The MACD line is slightly above the signal line, indicating a potential bullish trend.

Recommended stocks on – 14.02.2023

(2)         ACC -

Ø Buy price : 1793

Ø Strong Support : 1750

Ø Resistance price : 1828 - 1840

Reasons for Buy Recommended –

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth.

With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

Recommended stocks on – 13.02.2023

(3)         HAVELLS -

Ø Buy price : 1180

Ø Strong Support : 1150

Ø Resistance price : 1197 - 1208

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Recommended stocks on – 13.02.2023

(4)         NIFTY -

Ø Buy price : 17757

Ø Strong Support : 17606

Ø Resistance price : 17808 - 17838

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.