Rationale report – 31.03.2023

Recommended stocks on – 29.03.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 1965

Ø Strong Support : 1930

Ø Resistance price : 1983 - 1990

Reasons for Buy Recommended –

The stock remains reasonably valued, offering an attractive opportunity for long-term investors. view as a long-term "Buy" due to its strong fundamentals and growth potential across sectors.

Recommended stocks on – 28.03.2023

(2)         TCS -

Ø Buy price : 3133 & 3103

Ø Strong Support : 3088

Ø Resistance price : 3157 - 3170

Reasons for Buy Recommended –

TCS remains a solid long-term investment for investors looking for stability, consistent growth, and exposure to the global IT sector.

As India's largest IT services company, TCS benefits from global demand for digital solutions,cloud computing, and cybersecurity. The company's positive outlook, bolstered by anticipated demand revival and favorable political developments, suggests a bullish long-term trend.

Recommended stocks on – 24.03.2023

(3)         LAESEN -

Ø Buy price : 2176

Ø Strong Support : 2170

Ø Resistance price : 2223 – 2234 - 2240

Reasons for Buy Recommended –

Larsen & Toubro (L&T) has a longstanding reputation as a robust player in India's infrastructure and engineering sectors, making it a focal point for long-term investors

L&T is aligning its long-term growth strategy with emerging sectors, focusing on renewable energy, technology, and infrastructure. This diversification positions the company to capitalize on new opportunities in green energy and high-tech industries, driving sustainable growth.

Recommended stocks on – 06.04.2023

(4)         HAVELLS -

Ø Buy price : 1188

Ø Strong Support : 1173

Ø Resistance price : 1222 - 1230

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.

 

Rationale report – 29.03.2023

Recommended stocks on – 29.03.2023

(1)         NIFTY -

Ø Buy price : 16980

Ø Strong Support : 16880

Ø Resistance price : 17033 - 17070

Reasons for Buy Recommended –

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

Recommended stocks on – 28.03.2023

(2)         TCS -

Ø Buy price : 3133 & 3103

Ø Strong Support : 3088

Ø Resistance price : 3157 - 3170

Reasons for Buy Recommended –

TCS remains a solid long-term investment for investors looking for stability, consistent growth, and exposure to the global IT sector.

As India's largest IT services company, TCS benefits from global demand for digital solutions, cloud computing, and cybersecurity. 

The company's positive outlook, bolstered by anticipated demand revival and favorable political developments, suggests a bullish long-term trend.

 

Rationale report – 27.03.2023

Recommended stocks on – 24.03.2023

(1)         GRASIM -

Ø Buy price : 1600

Ø Strong Support : 1573

Ø Resistance price : 1622 - 1630

Reasons for Buy Recommended –

That over the past three years, Grasim Industries has delivered a return of 52.67%, outperforming the Nifty 100's return of 41.67% during the same period.In summary, based on current insights and financial performance, Grasim Industries Limited presents a favorable long-term investment opportunity.

 

Rationale report – 24.03.2023

Recommended stocks on – 28.03.2023

(1)         TCS -

Ø Buy price : 3130

Ø Strong Support : 3090

Ø Resistance price : 3157 - 3170

Reasons for Buy Recommended –

TCS remains a solid long-term investment for investors looking for stability, consistent growth, and exposure to the global IT sector.

As India's largest IT services company, TCS benefits from global demand for digital solutions, cloud computing, and cybersecurity. The company's positive outlook, bolstered by anticipated demand revival and favorable political developments, suggests a bullish long-term trend.

 

Rationale report – 23.03.2023

Recommended stocks on – 23.03.2023

(1)         TECH MAHINDRA -

Ø Buy price : 1096

Ø Strong Support : 1080

Ø Resistance price : 1108 - 1120

Reasons for Buy Recommended –

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

Recommended stocks on – 23.03.2023

(2)         NIFTY -

Ø Buy price : 17077

Ø Strong Support : 16939

Ø Resistance price : 17133 - 17170

Reasons for Buy Recommended –

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

Recommended stocks on – 23.03.2023

(3)         INDIGO -

Ø Buy price : 1900

Ø Strong Support : 1860

Ø Resistance price : 1919 – 1924 - 1930

Reasons for Buy Recommended –

IndiGo demonstrates strong technical indicators and robust revenue growth.

 The company's strategic shift towards international expansion and premium services may offer growth opportunities.

The company's revenue has increased by 67.58% during the same period.

Over the past three years, IndiGo has achieved a profit growth of 50.38%

Recommended stocks on – 22.03.2023

(4)         TCS -

Ø Buy price : 3130

Ø Strong Support : 3090

Ø Resistance price : 3157 - 3170

Reasons for Buy Recommended –

As India's largest IT services company, TCS benefits from global demand for digital solutions, cloud computing, and cybersecurity. The company's positive outlook, bolstered by anticipated demand revival and favorable political developments, suggests a bullish long-term trend.

 

Rationale report – 22.03.2023

Recommended stocks on – 21.03.2023

(1)         INFOSYS -

Ø Buy price : 1400

Ø Strong Support : 1080

Ø Resistance price : 1108 - 1120

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.

Strong Financials like High ROE, zero debt, strong cash flows, and consistent dividends.

Recommended stocks on – 21.03.2023

(2)         BALKRISHNA IND.-

Ø Buy price : 1988 & 1970

Ø Strong Support : 1960

Ø Resistance price : 2003 – 2013 - 2020

Reasons for Buy Recommended –

Moving Average Convergence Divergence (MACD) :The MACD line is slightly above the signal line, indicating a potential bullish trend.

While BKT maintains a competitive advantage, there are concerns that profitability may rise over time if the company prioritizes revenue growth over margins.

 

Rationale report – 21.03.2023

Recommended stocks on – 21.03.2023

(1)         SBI LIFE -

Ø Buy price : 1080

Ø Strong Support : 1064

Ø Resistance price : 1097 - 1104

Reasons for Buy Recommended –

While recent financial performance is strong, current technical indicators suggest a bullish outlook.

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

Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, which may indicate bearish momentum.

Recommended stocks on – 20.03.2023

(2)         ACC -

Ø Buy price : 1710 & 1680

Ø Strong Support : 1670

Ø Resistance price : 1733 – 1747 - 1760

Reasons for Buy Recommended –

The MACD line is slightly above the signal line, indicating a potential bullish trend.

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 – 20.03.2023

(3)         GRASIM -

Ø Buy price : 1577

Ø Strong Support : 1550

Ø Resistance price : 1597 - 1606

Reasons for Buy Recommended –

That over the past three years, Grasim Industries has delivered a return of 52.67%, outperforming the Nifty 100's return of 41.67% during the same period.In summary, based on current insights and financial performance, Grasim Industries Limited presents a favorable long-term investment opportunity.

 

Rationale report – 20.03.2023

Recommended stocks on – 20.03.2023

(1)         GRASIM -

Ø Buy price : 1577

Ø Strong Support : 1550

Ø Resistance price : 1597 - 1606

Reasons for Buy Recommended –

That over the past three years, Grasim Industries has delivered a return of 52.67%, outperforming the Nifty 100's return of 41.67% during the same period.In summary, based on current insights and financial performance, Grasim Industries Limited presents a favorable long-term investment opportunity.