Wednesday, July 5, 2023

Rationale report – 05.07.2023


Recommended stocks on – 07.07.2023

(1)         GRASIM  -

Ø Buy price : 1780

Ø Strong Support : 1744

Ø Resistance price : 1797 - 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.

Recommended stocks on – 04.07.2023

(2)         ADANI ENT. -

Ø Buy price : 2408 & 2380

Ø Strong Support : 2370

Ø Resistance price : 2433 - 2440

Reasons for Buy Recommended –

Adani Enterprises Earnings momentum could drive the stock higher.

Adani's businesses in renewables, airports, and data centers are attracting investor interest.

FIIs/DII investments increase, momentum could continue.

Recommended stocks on – 04.07.2023

(3)         ACC  -

Ø Buy price : 1808

Ø Strong Support : 1790

Ø Resistance price : 1833 - 1840

Reasons for Buy Recommended –

Overall market sentiment can play a role. If the broader market is experiencing a bullish phase, ACC Cements' stock could also benefit from this positive momentum.

Recommended stocks on – 04.07.2023

(4)         BALKRISHNA IND.  -

Ø Buy price : 2360

Ø Strong Support : 2323

Ø Resistance price : 2377 – 2390 - 2400

Reasons for Buy Recommended –

BKT has demonstrated robust financial performance, with notable earnings and volume growth. opinions are bullish, reflecting positive perspectives on the stock's valuation and future prospects.

Recommended stocks on – 03.07.2023

(5)         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.

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