Rationale report – 28.02.2023

Recommended stocks on – 28.02.2023

(1)         INFOSYS -

Ø Buy price : 1517

Ø Strong Support : 1490

Ø Resistance price : 1534 – 1543 - 1550

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.

Recommended stocks on – 28.02.2023

(2)         HAVELLS -

Ø Buy price : 1177

Ø Strong Support : 1150

Ø Resistance price : 1194 - 1202

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 27.02.2023

(3)         NIFTY -

Ø Buy price : 17474 & 17404

Ø Strong Support : 17373

Ø Resistance price : 17533 – 17575 - 17606

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.

Recommended stocks on – 22.02.2023

(4)         HAVELLS -

Ø Buy price : 1213

Ø Strong Support : 1180

Ø Resistance price : 1233 - 1240

Reasons for Buy Recommended –

Moving Averages (MA): The stock is currently trading below its 50-day and 200-day moving averages, indicating potential bullish momentum.