Tuesday, February 14, 2023

Rationale report – 20.01.2023


Recommended stocks on – 20.01.2023

(1)         INDIGO -

Ø Buy price : 2130

Ø Strong Support : 2090

Ø Resistance price : 2147 - 2160

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 – 19.01.2023

(2)         GODREJ PROP. -

Ø Buy price : 1240

Ø Strong Support : 1207

Ø Resistance price : 1263 – 1270 – 1283 – 1290 - 1303

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 – 19.01.2023

(3)         SUN PH. -

Ø Buy price : 1040

Ø Strong Support : 1017

Ø Resistance price : 1057 – 1064 - 1070

Reasons for Buy Recommended –

Sun ph. strong fundamentals and strategic position in the pharmaceutical industry make it a viable option for  investment.

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