Rationale report – 24.07.2023

Recommended stocks on – 24.07.2023

(1)         INDIGO  -

Ø Buy price : 2660

Ø Strong Support : 2640

Ø Resistance price : 2677 – 2690 - 2707

Reasons for Buy Recommended –

IndiGo is showing strong bullish momentum supported by record passenger demand, stable fuel costs, and technical strength.

Recommended stocks on – 24.07.2023

(2)         TATA CHEMICALS -

Ø Buy price : 980

Ø Strong Support : 955

Ø Resistance price : 997 - 1008

Reasons for Buy Recommended –

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

Recommended stocks on – 21.07.2023

(3)         BALKRISHNA IND.  -

Ø Buy price : 2403

Ø Strong Support : 2330

Ø Resistance price : 2437 - 2450

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 – 21.07.2023

(4)         GRASIM  -

Ø Buy price : 1808

Ø Strong Support : 1757

Ø Resistance price : 1823 - 1830

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 – 20.07.2023

(5)         ACC  -

Ø Buy price : 1798

Ø Strong Support : 1760

Ø Resistance price : 1822 - 1830

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 – 18.07.2023

(6)         GODREJ PROP.  -

Ø Buy price : 1626

Ø Strong Support : 1588

Ø Resistance price : 1646 – 1654 - 1660

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 – 18.07.2023

(7)         GODREJ PROP.  -

Ø Buy price : 1606

Ø Strong Support : 1588

Ø Resistance price : 1627 – 1640 – 1653 - 1660

Reasons for Buy Recommended –

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