Friday, August 11, 2023

Rationale report – 11.08.2023


Recommended stocks on – 10.08.2023

(1)         ACC -

Ø Buy price : 1968

Ø Strong Support : 1944

Ø Resistance price : 1988 - 2003 – 2019 - 2030

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 – 10.08.2023

(2)         BALKRISHNA IND.  -

Ø Buy price : 2347

Ø Strong Support :  2310

Ø Resistance price : 2367 - 2380

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 – 08.08.2023

(3)         BALKRISHNA IND.  -

Ø Buy price : 2360

Ø Strong Support :  2330

Ø Resistance price : 2377 - 2390 - 2404

Reasons for Buy Recommended –

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


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