Wednesday, May 3, 2023

Rationale report – 03.05.2023

Recommended stocks on – 03.05.2023

(1)         GODREJ PROP. -

Ø Buy price : 1336

Ø Strong Support : 1290

Ø Resistance price : 1355 – 1360 - 1373

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.

Recommended stocks on – 03.05.2023

(2)         KOTAK BANK -

Ø Buy price : 1919

Ø Strong Support : 1888

Ø Resistance price : 1939 - 1950

Reasons for Buy Recommended –

Kotak Mahindra Bank exhibits strong financial health and has shown resilience in recent market sessions. Projections and technical indicators suggest a modest upside potential.

Recommended stocks on – 02.05.2023

(3)         GODREJ PROP. -

Ø Buy price : 1330 & 1313

Ø Strong Support : 1303

Ø Resistance price : 1353 - 1360

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Recommended stocks on – 02.05.2023

(4)         ACC -

Ø Buy price : 1770

Ø Strong Support : 1733

Ø Resistance price : 1794 - 1800

Reasons for Buy Recommended –

Overall market sentiment can play a role. If the broader market is experiencing a bullish phase, ACC Cements' stock could also benefit from this positive momentum.


 

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