Wednesday, March 15, 2023

Rationale report – 15.03.2023


Recommended stocks on – 14.03.2023

(1)         KOTAK BANK -

Ø Buy price : 1670 & 1650

Ø Strong Support : 1640

Ø Resistance price : 1683 – 1690 - 1703

Reasons for Buy Recommended –

Kotak Mahindra Bank exhibits strong financial health and has shown resilience in recent market sessions.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for kotak Bank.

Projections and technical indicators suggest a modest upside potential.

Recommended stocks on – 14.03.2023

(2)         INDIGO -

Ø Buy price : 1866

Ø Strong Support : 1844

Ø Resistance price : 1888 – 1894 - 1900

Reasons for Buy Recommended –

IndiGo demonstrates strong technical indicators and robust revenue growth. 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%. The company's strategic shift towards international expansion and premium services may offer growth opportunities.

Recommended stocks on – 10.03.2023

(3)         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. 


 

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