Monday, June 12, 2023

Rationale report – 12.06.2023


Recommended stocks on – 08.06.2023

(1)         ACC -

Ø Buy price : 1833

Ø Strong Support : 1818

Ø Resistance price : 1860 -1888 - 1900

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 – 08.06.2023

(2)         MUTHOOT FIN. -

Ø Buy price : 1133

Ø Strong Support : 1103

Ø Resistance price : 1147 - 1160

Reasons for Buy Recommended –

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

Recommended stocks on – 07.06.2023

(3)         INFOSYS -

Ø Buy price : 1290

Ø Strong Support : 1260

Ø Resistance price : 1303 -1313 -1320

Reasons for Buy Recommended –

With global digitization accelerating, Infosys is set to benefit significantly over the next decade.

Strong Financials like High ROE, zero debt, strong cash flows, and consistent dividends.

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