Monday, May 15, 2023

Rationale report – 15.05.2023

Recommended stocks on – 15.05.2023

(1)         ACC -

Ø Buy price : 1767

Ø Strong Support : 1730

Ø Resistance price : 1788 - 1800

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 12.05.2023

(2)         MUTHOOT FIN.-

Ø Buy price : 1070

Ø Strong Support : 1044

Ø Resistance price : 1088 – 1093 - 1103

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 – 11.05.2023

(3)         HDFC LTD -

Ø Buy price : 2730

Ø Strong Support : 2670

Ø Resistance price : 2763 - 2770

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 – 09.05.2023

(4)         INFOSYS -

Ø Buy price : 1250

Ø Strong Support : 1244

Ø Resistance price : 1283 – 1290 - 1303

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials. Strong Financials like High ROE, zero debt, strong cash flows, and consistent dividends. With global digitization accelerating, Infosys is set to benefit significantly over the next decade.

Recommended stocks on – 05.05.2023

(5)         GODREJ PROP. -

Ø Buy price : 1340

Ø Strong Support : 1303

Ø Resistance price : 1363 – 1370 – 1388 - 1400

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.


 

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