Thursday, July 6, 2023

Rationale report – 06.07.2023


Recommended stocks on – 04.07.2023

(1)         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 – 03.07.2023

(2)         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 – 30.06.2023

(3)         GODREJ PROP.  -

Ø Buy price : 1580

Ø Strong Support : 1560

Ø Resistance price : 1597 – 1606 – 1616 - 1630

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

(4)         GODREJ PROP.  -

Ø Buy price : 1597

Ø Strong Support : 1560

Ø Resistance price : 1616 - 1630

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 13.06.2023

(5)         KOTAK BANK  -

Ø Buy price : 1870

Ø Strong Support : 1830

Ø Resistance price : 1888 -1894 - 1900

Reasons for Buy Recommended –

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

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