Recommended stocks on – 21.03.2023
(1)
INFOSYS -
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Buy price : 1400
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Strong Support : 1080
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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.-
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Buy price : 1988 & 1970
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Strong Support : 1960
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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.
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