Recommended stocks on – 14.06.2023
(1)
NIFTY -
Ø
Buy price : 18757
Ø
Strong Support : 18606
Ø
Resistance price : 18808 - 18838
Reasons for Buy Recommended –
Technical
indicators suggest a bullish short-term trend.
Recommended stocks on – 14.06.2023
(2)
HDFC AMC -
Ø
Buy price : 1878
Ø
Strong Support : 1850
Ø
Resistance price : 1898 – 1919 - 1930
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 – 14.06.2023
(3)
HDFC AMC -
Ø
Buy price : 1898
Ø
Strong Support : 1850
Ø
Resistance price : 1919 - 1930
Reasons for Buy Recommended –
Some technical distribution pattern has been
observed in the stock's price, indicating a potential medium-term bullish.
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