Friday, April 28, 2023

Rationale report – 28.04.2023


(1)         TCS -

Ø Buy price : 3170

Ø Strong Support : 3130

Ø Resistance price : 3194 - 3204

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.

(2)         GRASIM -

Ø Buy price : 1686

Ø Strong Support : 1660

Ø Resistance price : 1703 - 1710

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.

(3)         KOTAK BANK -

Ø Buy price : 1880

Ø Strong Support : 1860

Ø Resistance price : 1898 - 1909

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

While Kotak Mahindra Bank has faced challenges related to asset quality, particularly in personal loans and micro-credit sectors, analyst projections suggest potential upside.

(4)         RELIANCE -

Ø Buy price : 2358

Ø Strong Support : 2318

Ø Resistance price : 2377 - 2390

Reasons for Buy Recommended –

Technical indicates a 'BUY' signal for RIL, with both daily and weekly ratings suggesting a upward trend.

While long-term projections for RIL appear optimistic, current technical indicators advise caution.

RIL's diversified portfolio across energy, retail, and telecommunications, combined with strategic mergers and potential IPOs, positions the company for long-term growth.

(5)         ACC -

Ø Buy price : 1747 & 1730

Ø Strong Support : 1717

Ø Resistance price : 1763 - 1770

Reasons for Buy Recommended –

The stock is showing short-term bullish momentum.

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.

(6)         INFOSYS -

Ø Buy price : 1233

Ø Strong Support : 1208

Ø Resistance price : 1253 – 1260 - 1280

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.

(7)         LARSEN -

Ø Buy price : 2288

Ø Strong Support : 2260

Ø Resistance price : 2313 – 2323 - 2330

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.

while fundamental targets suggest a positive outlook for L&T, technical indicators advise buy.

Thursday, April 27, 2023

Rationale report – 27.04.2023


(1)         TCS -

Ø Buy price : 3170

Ø Strong Support : 3130

Ø Resistance price : 3194 - 3204

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.

(2)         GRASIM -

Ø Buy price : 1686

Ø Strong Support : 1660

Ø Resistance price : 1703 - 1710

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.

(3)         KOTAK BANK -

Ø Buy price : 1880

Ø Strong Support : 1860

Ø Resistance price : 1898 - 1909

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

While Kotak Mahindra Bank has faced challenges related to asset quality, particularly in personal loans and micro-credit sectors, analyst projections suggest potential upside.

(4)         INFOSYS -

Ø Buy price : 1233

Ø Strong Support : 1208

Ø Resistance price : 1253 – 1260 - 1280

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.

(5)         LARSEN -

Ø Buy price : 2288

Ø Strong Support : 2260

Ø Resistance price : 2313 – 2323 - 2330

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.

while fundamental targets suggest a positive outlook for L&T, technical indicators advise buy.


 

Rationale report – 26.04.2023


(1)         BHARTI AIRTEL -

Ø Buy price : 760

Ø Strong Support : 747

Ø Resistance price : 774 - 780

Reasons for Buy Recommended –

On the daily chart, Bharti Airtel has formed a bullish engulfing pattern, accompanied by strong volume and a rising Relative Strength Index (RSI). This suggests potential upward momentum.

Bharti Airtel is reportedly in advanced talks to merge its Direct-to-Home (DTH) business, Bharti Telemedia, with Tata Play. This merger aims to consolidate their positions in the satellite TV market, potentially creating a combined entity valued at nearly $1.6 billion.

 These factors collectively suggest a positive outlook for Bharti Airtel, with technical indicators and business strategies aligning to support a bullish trend.

(2)         GODREJ PROP. -

Ø Buy price : 1275

Ø Strong Support : 1250

Ø Resistance price : 1288 – 1293 - 1303

Reasons for Buy Recommended –

Godrej Properties is a high-quality real estate stock, ideal for long-term investors looking for stable and consistent returns. With a strong brand, growing urban demand, and well-planned expansions, GPL is a top pick in the real estate sector.One of the few real estate companies with a low debt-to-equity ratio.

(3)         INFOSYS -

Ø Buy price : 1233

Ø Strong Support : 1208

Ø Resistance price : 1253 – 1260 - 1280

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.

(4)         GRASIM -

Ø Buy price : 1707

Ø Strong Support : 1680

Ø Resistance price : 1723 - 1730

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.

 

(5)         LARSEN -

Ø Buy price : 2288

Ø Strong Support : 2260

Ø Resistance price : 2313 – 2323 - 2330

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.

while fundamental targets suggest a positive outlook for L&T, technical indicators advise buy.


 

Tuesday, April 25, 2023

Rationale report – 25.04.2023


(1)         KOTAK BANK -

Ø Buy price : 1880

Ø Strong Support : 1860

Ø Resistance price : 1898 - 1909

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

While Kotak Mahindra Bank has faced challenges related to asset quality, particularly in personal loans and micro-credit sectors, analyst projections suggest potential upside.

(2)         RELIANCE -

Ø Buy price : 2358

Ø Strong Support : 2318

Ø Resistance price : 2377 - 2390

Reasons for Buy Recommended –

Technical indicates a 'BUY' signal for RIL, with both daily and weekly ratings suggesting a upward trend.

While long-term projections for RIL appear optimistic, current technical indicators advise caution.

RIL's diversified portfolio across energy, retail, and telecommunications, combined with strategic mergers and potential IPOs, positions the company for long-term growth.

(3)         BHARTI AIRTEL -

Ø Buy price : 760

Ø Strong Support : 747

Ø Resistance price : 774 - 780

Reasons for Buy Recommended –

On the daily chart, Bharti Airtel has formed a bullish engulfing pattern, accompanied by strong volume and a rising Relative Strength Index (RSI). This suggests potential upward momentum.

Bharti Airtel is reportedly in advanced talks to merge its Direct-to-Home (DTH) business, Bharti Telemedia, with Tata Play. This merger aims to consolidate their positions in the satellite TV market, potentially creating a combined entity valued at nearly $1.6 billion.

 These factors collectively suggest a positive outlook for Bharti Airtel, with technical indicators and business strategies aligning to support a bullish trend.

(4)         GRASIM -

Ø Buy price : 1676

Ø Strong Support : 1650

Ø Resistance price : 1694 - 1700

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.

(5)         LARSEN -

Ø Buy price : 2288 & 2188

Ø Strong Support : 2174

Ø Resistance price : 2227 – 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.

while fundamental targets suggest a positive outlook for L&T, technical indicators advise buy.

(6)         ACC -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1747 – 1763 - 1770

Reasons for Buy Recommended –

The stock is showing short-term bullish momentum.

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.

 (7)         ACC -

Ø Buy price : 1747

Ø Strong Support : 1717

Ø Resistance price : 1763 - 1770

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.