Thursday, March 23, 2023

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.


 

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