Thursday, August 3, 2023

Rationale report – 03.08.2023


Recommended stocks on – 03.08.2023

(1)         M & M -

Ø Buy price : 1490

Ø Strong Support : 1460

Ø Resistance price : 1508 -1520

Reasons for Buy Recommended –

The stock remains reasonably valued, offering an attractive opportunity for long-term investors. view as a long-term "Buy" due to its strong fundamentals and growth potential across sectors.

Recommended stocks on – 02.08.2023

(2)         ACC -

Ø Buy price : 2000

Ø Strong Support : 1955

Ø Resistance price : 2020 – 2033 - 2040

Reasons for Buy Recommended –

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth. With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

Recommended stocks on – 02.08.2023

(3)         BALKRISHNA IND.  -

Ø Buy price : 2470

Ø Strong Support :  2450

Ø Resistance price : 2488 - 2504 – 2520 - 2533

Reasons for Buy Recommended –

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

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