Rationale report – 06.04.2023

Recommended stocks on – 06.04.2023

(1)         GRASIM -

Ø Buy price : 1666

Ø Strong Support : 1640

Ø Resistance price : 1683 – 1690 - 1697

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.

Recommended stocks on – 06.04.2023

(2)         HAVELLS -

Ø Buy price : 1188

Ø Strong Support : 1160

Ø Resistance price : 1203 – 1212 - 1220

Reasons for Buy Recommended –

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

Recommended stocks on – 05.04.2023

(3)         BALKRISHNA IND. -

Ø Buy price : 1965 & 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 – 05.04.2023

(4)         ACC -

Ø Buy price : 1707 & 1680

Ø Strong Support : 1670

Ø Resistance price : 1727 - 1740

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.

Recommended stocks on – 03.04.2023

(5)         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 – 23.03.2023

(6)         GODREJ PROP. -

Ø Buy price : 1078

Ø Strong Support : 1055

Ø Resistance price : 1094 - 1103

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.