Wednesday, April 19, 2023

Rationale report – 19.04.2023


(1)         ACC -

Ø Buy price : 1763

Ø Strong Support : 1730

Ø Resistance price : 1777 – 1784 - 1790

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.

(2)         LARSEN -

Ø Buy price : 2206

Ø Strong Support : 2190

Ø Resistance price : 2223 – 2247 - 2260

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.

(3)         LARSEN -

Ø Buy price : 2222

Ø Strong Support : 2190

Ø Resistance price : 2247 - 2260

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.


 

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