Rationale report – 28.06.2023

Recommended stocks on – 22.06.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2370

Ø Strong Support : 2360

Ø Resistance price : 2397 – 2417 - 2430

Reasons for Buy Recommended –

Over the past three years, Balkrishna Industries has achieved an annual earnings per share (EPS) growth rate of 15%, closely aligning with its 16% average annual share price increase. This parallel growth indicates stable investor sentiment and consistent performance.

While Balkrishna Industries demonstrates robust financial health and consistent growth, with some projecting modest gains and others suggesting potential bullish.

Recommended stocks on – 23.06.2023

(2)         ACC -

Ø Buy price : 1797 & 1770

Ø Strong Support : 1750

Ø Resistance price : 1823 - 1830

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 – 22.06.2023

(3)         ACC -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1753 – 1773 -1780 – 1794 - 1808

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.

Recommended stocks on – 22.06.2023

(4)         GRASIM  -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1753 – 1773 – 1794 - 1808

Reasons for Buy Recommended –

Suggests that the company has poor fundamentals for medium to long-term investment strategies.While project a moderate upside for Grasim Industries.

Recommended stocks on – 16.12.2022

(5)         BSE -

Ø Buy price : 590 - 570

Ø Strong Support : 550

Ø Resistance price : 616 – 624 - 630

Reasons for Buy Recommended –

That BSE Limited has a market capitalization of ₹75,936 crore  The company has shown good return over the past three years.

While project a moderate upside for BSE Limited, valuation assessments indicate potential Bullish. The company's strong financial performance over the past three years suggests resilience.

Rationale report – 27.06.2023

Recommended stocks on – 27.06.2023

(1)         KOTAK BANK -

Ø Buy price : 1828

Ø Strong Support : 1797

Ø Resistance price : 1844 - 1850

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 – 26.06.2023

(2)         ACC -

Ø Buy price : 1757

Ø Strong Support : 1717

Ø Resistance price : 1777 – 1784 – 1794 - 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.

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 – 26.06.2023

(3)         HAVELLS -

Ø Buy price : 1280

Ø Strong Support : 1250

Ø Resistance price : 1293 - 1303

Reasons for Buy Recommended –

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

Recommended stocks on – 22.06.2023

(4)         M & M -

Ø Buy price : 1380

Ø Strong Support : 1360

Ø Resistance price : 1397 - 1404

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 – 22.06.2023

(5)         HDFC BANK -

Ø Buy price : 1644

Ø Strong Support : 1606

Ø Resistance price : 1663 - 1670

Reasons for Buy Recommended –

HDFC Bank demonstrates robust financial health, with significant growth in advances and consistent profit increases. potential upside of approximately 17.2% to 25.99%, and recent stock performance indicates resilience.

Rationale report – 26.06.2023

Recommended stocks on – 26.06.2023

(1)         ACC -

Ø Buy price : 1757

Ø Strong Support : 1717

Ø Resistance price : 1777 – 1784 – 1794 - 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.

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 – 26.06.2023

(2)         HAVELLS -

Ø Buy price : 1280

Ø Strong Support : 1250

Ø Resistance price : 1293 - 1303

Reasons for Buy Recommended –

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

Recommended stocks on – 22.06.2023

(3)         M & M -

Ø Buy price : 1380

Ø Strong Support : 1360

Ø Resistance price : 1397 - 1404

Reasons for Buy Recommended –

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

Rationale report – 23.06.2023

Recommended stocks on – 23.06.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2396

Ø Strong Support : 2360

Ø Resistance price : 2417 - 2430

Reasons for Buy Recommended –

Over the past three years, Balkrishna Industries has achieved an annual earnings per share (EPS) growth rate of 15%, closely aligning with its 16% average annual share price increase. This parallel growth indicates stable investor sentiment and consistent performance.

While Balkrishna Industries demonstrates robust financial health and consistent growth, with some projecting modest gains and others suggesting potential bullish.

Recommended stocks on – 23.06.2023

(2)         HDFC AMC -

Ø Buy price : 2000

Ø Strong Support : 1960

Ø Resistance price : 2022 - 2034 - 2040

Reasons for Buy Recommended –

While the financial outlook appears positive, it's essential to consider potential risks such as market volatility, regulatory changes in the financial sector, and broader economic factors.

The company is virtually debt-free, with a three-year return on equity (ROE) of 27.1%, and maintains a healthy dividend payout ratio of 71.0%.

In summary, based on current insights and financial performance, HDFC Asset Management Company Limited presents a favorable long-term investment opportunity.

Recommended stocks on – 23.06.2023

(3)         ACC -

Ø Buy price : 1770

Ø Strong Support : 1750

Ø Resistance price : 1823 - 1830

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 – 16.12.2022

(4)         BSE -

Ø Buy price : 590 - 570

Ø Strong Support : 550

Ø Resistance price : 616 – 624 - 630

Reasons for Buy Recommended –

That BSE Limited has a market capitalization of ₹75,936 crore  The company has shown good return over the past three years.

While project a moderate upside for BSE Limited, valuation assessments indicate potential Bullish. The company's strong financial performance over the past three years suggests resilience.

Rationale report – 22.06.2023

Recommended stocks on – 22.06.2023

(1)         NIFTY -

Ø Buy price : 18808

Ø Strong Support : 18676

Ø Resistance price : 18873 – 18880 - 18909

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 22.06.2023

(2)         GRASIM  -

Ø Buy price : 1753

Ø Strong Support : 1717

Ø Resistance price : 1773 – 1794 - 1808

Reasons for Buy Recommended –

Suggests that the company has poor fundamentals for medium to long-term investment strategies.While project a moderate upside for Grasim Industries.

Recommended stocks on – 22.06.2023

(3)         HDFC BANK -

Ø Buy price : 1644

Ø Strong Support : 1606

Ø Resistance price : 1663 - 1670

Reasons for Buy Recommended –

HDFC Bank demonstrates robust financial health, with significant growth in advances and consistent profit increases. potential upside of approximately 17.2% to 25.99%, and recent stock performance indicates resilience.

Recommended stocks on – 22.06.2023

(4)         M & M -

Ø Buy price : 1380

Ø Strong Support : 1360

Ø Resistance price : 1397 - 1404

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 – 21.06.2023

(5)         GRASIM  -

Ø Buy price : 1767

Ø Strong Support : 1740

Ø Resistance price : 1783 - 1790

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Recommended stocks on – 13.06.2023

(6)         TATA CHEMICALS  -

Ø Buy price : 950

Ø Strong Support : 830

Ø Resistance price : 970 – 988 – 994 - 1000

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 – 16.12.2022

(7)         BSE -

Ø Buy price : 590 - 570

Ø Strong Support : 550

Ø Resistance price : 616 – 624 - 630

Reasons for Buy Recommended –

That BSE Limited has a market capitalization of ₹75,936 crore  The company has shown good return over the past three years.

While project a moderate upside for BSE Limited, valuation assessments indicate potential Bullish. The company's strong financial performance over the past three years suggests resilience.