Rationale report – 03.07.2023

Recommended stocks on – 03.07.2023

(1)         LARSEN -

Ø Buy price : 2470

Ø Strong Support : 2430

Ø Resistance price : 2488 - 2500

Reasons for Buy Recommended –

Larsen & Toubro Limited (L&T) is a prominent Indian multinational conglomerate with diverse business interests, including engineering, construction, manufacturing, technology, and financial services.

However, technical indicates that L&T's stock is currently exhibiting negative signals, with expectations of a potential upline of around over the next three months.

Recommended stocks on – 03.07.2023

(2)         GODREJ PROP.  -

Ø Buy price : 1565

Ø Strong Support : 1533

Ø Resistance price : 1583 – 1594 - 1600

Reasons for Buy Recommended –

Godrej Properties is a high-quality real estate stock, ideal for long-term investors looking for stable and consistent returns. With a strong brand, growing urban demand, and well-planned expansions, GPL is a top pick in the real estate sector.One of the few real estate companies with a low debt-to-equity ratio.

Recommended stocks on – 30.06.2023

(3)         HAVELLS  -

Ø Buy price : 1306 & 1280

Ø Strong Support : 1270

Ø Resistance price : 1322 -1330

Reasons for Buy Recommended –

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

Recommended stocks on – 27.06.2023

(4)         KOTAK BANK  -

Ø Buy price : 1828

Ø Strong Support : 1797

Ø Resistance price : 1844 - 1850

Reasons for Buy Recommended –

The prevailing technical indicators and consensus suggest a bullish short-term outlook for Kotak Bank.

Recommended stocks on – 22.06.2023

(5)         GRASIM  -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1753 – 1773 – 1794 - 1808

Reasons for Buy Recommended –

Grasim Industries has received favorable analyst ratings, with target prices indicating potential upside. However, technical indicators suggest caution in the short term.