Recommended stocks on – 20.06.2023
(1)
GRASIM -
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Buy price : 1760 & 1750
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Strong Support : 1733
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Resistance price : 1777 – 1783 - 1797
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 – 19.06.2023
(2)
BALKRISHNA IND. -
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Buy price : 2345
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Strong Support : 2330
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Resistance price : 2373 – 2388 – 2404 - 2414
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 – 19.06.2023
(3)
BALKRISHNA IND. -
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Buy price : 2345
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Strong Support : 2330
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Resistance price : 2373 – 2388 – 2404 - 2414
Reasons for Buy Recommended –
Recent technical
indicators show that the stock is trading above its first resistance level,
indicating a bullish trend
Recommended stocks on – 13.06.2023
(4)
TATA CHEMICALS -
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Buy price : 950
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Strong Support : 830
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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.
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