Tuesday, August 1, 2023

Rationale report – 01.08.2023


Recommended stocks on – 01.08.2023

(1)         INDIGO  -

Ø Buy price : 2560

Ø Strong Support : 2517

Ø Resistance price : 2583 – 2590 - 2606

Reasons for Buy Recommended –

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

Recommended stocks on – 01.08.2023

(2)         GODREJ PROP. -

Ø Buy price : 1707

Ø Strong Support : 1680

Ø Resistance price : 1724 -1730 – 1744 -1760

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 – 01.08.2023

(3)         GODREJ PROP. -

Ø Buy price : 1727

Ø Strong Support : 1680

Ø Resistance price : 1744 – 1754 - 1760

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 – 01.08.2023

(4)         INFOSYS -

Ø Buy price : 1368

Ø Strong Support : 1340

Ø Resistance price : 1384 -1390 - 1404

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT & AI.

With global digitization accelerating, Infosys is set to benefit significantly over the next decade.

Recommended stocks on – 31.07.2023

(5)         INDIGO  -

Ø Buy price : 2606

Ø Strong Support : 2570

Ø Resistance price : 2633 - 2640

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Recommended stocks on – 31.07.2023

(6)         HDFC BANK  -

Ø Buy price : 1655

Ø Strong Support : 1616

Ø Resistance price : 1674 – 1688 - 1700

Reasons for Buy Recommended –

Hdfc Bank's short-term outlook appears bullish.

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


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