Tuesday, February 14, 2023

Rationale report – 03.01.2023


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 –

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 – 02.01.2023

(2)         GODREJ PROP. -

Ø Buy price : 1230

Ø Strong Support : 1190

Ø Resistance price : 1248 – 1254 - 1260

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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