Tuesday, February 14, 2023

Rationale report – 06.02.2023


Recommended stocks on – 06.02.2023

(1)         BALKRISHNA IND -

Ø Buy price : 2270

Ø Strong Support : 2233

Ø Resistance price : 2293 - 2308

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 – 03.02.2023

(2)         INDIGO -

Ø Buy price : 2108

Ø Strong Support : 2230

Ø Resistance price : 2133 - 2140

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT.With global digitization accelerating, Infosys is set to benefit significantly over the next decade. 

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