Rationale report – 09.01.2023

Recommended stocks on – 09.01.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2218

Ø Strong Support : 2170

Ø Resistance price : 2234 - 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 – 06.01.2023

(2)         GODREJ PROP. -

Ø Buy price : 1197

Ø Strong Support : 1174

Ø Resistance price : 1214 - 1230

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 – 06.01.2023

(3)         NIFTY -

Ø Buy price : 17900

Ø Strong Support : 17737

Ø Resistance price : 17939 - 18008

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 06.01.2023

(4)         ACC -

Ø Buy price : 2410

Ø Strong Support : 2380

Ø Resistance price : 2437 – 2444 - 2450

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 05.01.2023

(5)         GODREJ PROP. -

Ø Buy price : 1217

Ø Strong Support : 1180

Ø Resistance price : 1233 - 1240

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .