Tuesday, February 14, 2023

Rationale report – 02.01.2023


Recommended stocks on – 02.01.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2108

Ø Strong Support : 2077

Ø Resistance price : 2133 - 2140

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.

Recommended stocks on – 02.01.2023

(2)         INDIGO -

Ø Buy price : 2018

Ø Strong Support : 1980

Ø Resistance price : 2038 – 2044 -2050

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

The platform's technical indicators, including moving averages collectively suggest a 'Strong Buy' recommendation for the stock.

Aligns with a 'Strong Buy' signal, supported by key indicators such as the Relative Strength Index (RSI) and moving averages.

No comments:

Post a Comment