Rationale report – 04.08.2023

Recommended stocks on – 04.08.2023

(1)         BALKRISHNA IND.  -

Ø Buy price : 2480

Ø Strong Support : 2440

Ø Resistance price : 2497 – 2508 - 2520

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 – 02.08.2023

(2)         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.

Recommended stocks on – 02.08.2023

(3)         BALKRISHNA IND.  -

Ø Buy price : 2508

Ø Strong Support :  2460

Ø Resistance price : 2533 – 2547 - 2550

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.