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.