Rationale report – 22.06.2023

Recommended stocks on – 22.06.2023

(1)         NIFTY -

Ø Buy price : 18808

Ø Strong Support : 18676

Ø Resistance price : 18873 – 18880 - 18909

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 22.06.2023

(2)         GRASIM  -

Ø Buy price : 1753

Ø Strong Support : 1717

Ø Resistance price : 1773 – 1794 - 1808

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 – 22.06.2023

(3)         HDFC BANK -

Ø Buy price : 1644

Ø Strong Support : 1606

Ø Resistance price : 1663 - 1670

Reasons for Buy Recommended –

HDFC Bank demonstrates robust financial health, with significant growth in advances and consistent profit increases. potential upside of approximately 17.2% to 25.99%, and recent stock performance indicates resilience.

Recommended stocks on – 22.06.2023

(4)         M & M -

Ø Buy price : 1380

Ø Strong Support : 1360

Ø Resistance price : 1397 - 1404

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.

Recommended stocks on – 21.06.2023

(5)         GRASIM  -

Ø Buy price : 1767

Ø Strong Support : 1740

Ø Resistance price : 1783 - 1790

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Recommended stocks on – 13.06.2023

(6)         TATA CHEMICALS  -

Ø Buy price : 950

Ø Strong Support : 830

Ø 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.

Recommended stocks on – 16.12.2022

(7)         BSE -

Ø Buy price : 590 - 570

Ø Strong Support : 550

Ø Resistance price : 616 – 624 - 630

Reasons for Buy Recommended –

That BSE Limited has a market capitalization of ₹75,936 crore  The company has shown good return over the past three years.

While project a moderate upside for BSE Limited, valuation assessments indicate potential Bullish. The company's strong financial performance over the past three years suggests resilience.