Monday, June 19, 2023

Rationale report – 19.06.2023


Recommended stocks on – 16.06.2023

(1)         RELIANCE  -

Ø Buy price : 2568

Ø Strong Support : 2533

Ø Resistance price : 2584 – 2590 - 2600

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 – 15.06.2023

(2)         LASRSEN  -

Ø Buy price : 2356

Ø Strong Support : 2340

Ø Resistance price : 2380 -2393 - 2404

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 – 13.06.2023

(3)         TATA CHEMICALS  -

Ø Buy price : 950

Ø Strong Support : 830

Ø Resistance price : 970 – 988 – 994 -1000

Reasons for Buy Recommended –

Recent technical indicators show that the stock is trading above its first resistance level, indicating a bullish trend.

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