Monday, March 13, 2023

Rationale report – 13.03.2023


Recommended stocks on – 10.03.2023

(1)         GRASIM -

Ø Buy price : 1600

Ø Strong Support : 1570

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.

Recommended stocks on – 10.03.2023

(2)         LAESEN -

Ø Buy price : 2170 & 2160

Ø Strong Support : 2150

Ø Resistance price : 2193 - 2202

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 – 08.03.2023

(3)         GRASIM -

Ø Buy price : 1606

Ø Strong Support : 1573

Ø Resistance price : 1622 - 1630

Reasons for Buy Recommended –

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

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