Tuesday, February 14, 2023

Rationale report – 10.01.2023



Recommended stocks on – 10.01.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2180

Ø Strong Support : 2170

Ø Resistance price : 2208 – 2220 – 2233 - 2240

Reasons for Buy Recommended –

While some indicators, such as short-term moving averages suggest bullish momentum.

Moving Averages: Short-term moving averages (5-day, 10-day, 20-day, and 50-day) suggest a bullish trend, as the stock is trading above these averages.

Recommended stocks on – 10.01.2023

(2)         INDIGO -

Ø Buy price : 2037

Ø Strong Support : 1990

Ø Resistance price : 2053 - 2060

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.

Recommended stocks on – 05.01.2023

(3)         GODREJ PROP. -

Ø Buy price : 1217

Ø Strong Support : 1180

Ø Resistance price : 1233 - 1240

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.

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