Monday, August 7, 2023

Rationale report – 07.08.2023


Recommended stocks on – 07.08.2023

(1)         HDFC AMC  -

Ø Buy price : 2400

Ø Strong Support :  2360

Ø Resistance price : 2433 - 2440

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Recommended stocks on – 07.08.2023

(2)         INDIGO  -

Ø Buy price : 2500

Ø Strong Support : 2460

Ø Resistance price : 2515 – 2533 - 2540

Reasons for Buy Recommended –

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

IndiGo is consistently profitable with growing revenue per passenger (RPK).

Recommended stocks on – 07.08.2023

(3)         ADANI ENT. -

Ø Buy price : 2535

Ø Strong Support : 2488

Ø Resistance price : 2560 - 2574 - 2580

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 – 04.08.2023

(4)         GODREJ CP. -

Ø Buy price : 1550

Ø Strong Support : 1544

Ø Resistance price : 1560 -1570 – 1588 - 1600

Reasons for Buy Recommended –

While the consensus indicates a potential upside

Recommended stocks on – 04.08.2023

(5)         GODREJ CP. -

Ø Buy price : 1570

Ø Strong Support : 1544

Ø Resistance price : 1588 – 1594 -1600

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

(6)         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. 

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