Friday, March 31, 2023

Rationale report – 31.03.2023


Recommended stocks on – 29.03.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 1965

Ø Strong Support : 1930

Ø Resistance price : 1983 - 1990

Reasons for Buy Recommended –

The stock remains reasonably valued, offering an attractive opportunity for long-term investors. view as a long-term "Buy" due to its strong fundamentals and growth potential across sectors.

Recommended stocks on – 28.03.2023

(2)         TCS -

Ø Buy price : 3133 & 3103

Ø Strong Support : 3088

Ø Resistance price : 3157 - 3170

Reasons for Buy Recommended –

TCS remains a solid long-term investment for investors looking for stability, consistent growth, and exposure to the global IT sector.

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.

Recommended stocks on – 24.03.2023

(3)         LAESEN -

Ø Buy price : 2176

Ø Strong Support : 2170

Ø Resistance price : 2223 – 2234 - 2240

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 – 06.04.2023

(4)         HAVELLS -

Ø Buy price : 1188

Ø Strong Support : 1173

Ø Resistance price : 1222 - 1230

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.


 

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