Rationale report – 05.04.2023

Recommended stocks on – 05.04.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 1955

Ø Strong Support : 1919

Ø Resistance price : 1988 – 1994 - 2008

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 – 03.04.2023

(2)         KOTAK BANK -

Ø Buy price : 1747

Ø Strong Support : 1717

Ø Resistance price : 1763 - 1770

Reasons for Buy Recommended –

Kotak Bank's short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for kotak Bank.

Recommended stocks on – 03.04.2023

(3)         MUTHOOT FIN. -

Ø Buy price : 970

Ø Strong Support : 940

Ø Resistance price : 1094 - 1103

Reasons for Buy Recommended –

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

Recommended stocks on – 03.04.2023

(4)         NIFTY -

Ø Buy price : 17393

Ø Strong Support : 17272

Ø Resistance price : 17444 – 17474 - 17505

Reasons for Buy Recommended –

Chart signals a bullish trend, it suggests the potential for an upward movement in the short term.

Recommended stocks on – 24.03.2023

(5)         LAESEN -

Ø Buy price : 2196

Ø Strong Support : 2170

Ø Resistance price : 2223 – 2234 - 1140

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

(6)         HAVELLS -

Ø Buy price : 1206 & 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.