Rationale report – 17.01.2023

Recommended stocks on – 17.01.2023

(1)         ACC -

Ø Buy price : 2350

Ø Strong Support : 2308

Ø Resistance price : 2374 - 2380

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 – 16.01.2023

(2)         HDFC LTD -

Ø Buy price : 2609

Ø Strong Support : 2560

Ø Resistance price : 2633 – 2644 - 2650

Reasons for Buy Recommended –

The current technical indicators for HDFC Ltd. predominantly suggest a bullish outlook. The stock's position below key moving averages, indicates upward momentum. However, the RSI nearing oversold levels could imply a potential reversal if buying interest emerges.

Relative Strength Index (RSI): The 14-day RSI is at 32.58, approaching oversold territory, which could indicate a potential buying opportunity if the trend reverses.

Recommended stocks on – 16.01.2023

(3)         GODREJ PROP. -

Ø Buy price : 1230

Ø Strong Support : 1208

Ø Resistance price : 1247 – 1255 – 1264 – 1273 - 1280

Reasons for Buy Recommended –

Godrej Properties is a high-quality real estate stock, ideal for long-term investors looking for stable and consistent returns.

With a strong brand, growing urban demand, and well-planned expansions, GPL is a top pick in the real estate sector. One of the few real estate companies with a low debt-to-equity ratio.

Recommended stocks on – 13.01.2023

(4)         LARSEN -

Ø Buy price :  2144

Ø Strong Support : 1208

Ø Resistance price : 2163 - 2170

Reasons for Buy Recommended –

The current technical indicators for LARSEN Ltd. predominantly suggest a bullish outlook.

Relative Strength Index (RSI): The 14-day RSI is at 73.98, indicating overbought conditions, which could suggest a potential price correction.