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.