Thursday, May 25, 2023

Rationale report – 25.05.2023

Recommended stocks on – 24.05.2023

(1)         HAVELLS  -

Ø Buy price : 1255

Ø Strong Support : 1219

Ø Resistance price : 1273 - 1280

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Based on current insights and financial performance, Havells India Limited presents a favorable investment opportunity with potential for growth.

Recommended stocks on – 24.05.2023

(2)         LASRSEN  -

Ø Buy price : 2180

Ø Strong Support : 2160

Ø Resistance price : 2203 – 2223 – 2230 - 2250

Reasons for Buy Recommended –

L&T is a diversified Indian multinational conglomerate with interests in engineering, construction, manufacturing, technology, and financial services.

Given these insights,L&T present potential investment opportunities in their respective time frames.

Recommended stocks on – 24.05.2023

(3)         KOTAK BANK -

Ø Buy price : 1900

Ø Strong Support : 1860

Ø Resistance price : 1944 - 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.

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