Wednesday, June 21, 2023

Rationale report – 21.06.2023

Recommended stocks on – 21.06.2023

(1)         GRASIM  -

Ø Buy price : 1767

Ø Strong Support : 1740

Ø Resistance price : 1783 - 1790

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 – 20.06.2023

(2)         GRASIM  -

Ø Buy price : 1760 & 1750

Ø Strong Support : 1733

Ø Resistance price : 1777 – 1783 - 1797

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 – 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

Recommended stocks on – 06.06.2023

(4)         HDFC LTD -

Ø Buy price : 2660

Ø Strong Support : 2623

Ø Resistance price : 2684 – 2690 - 2703

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

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