Friday, August 18, 2023

Rationale report – 18.08.2023


Recommended stocks on – 18.08.2023

(1)         ACC -

Ø Buy price : 1898

Ø Strong Support : 1860

Ø Resistance price : 1919 – 1924 - 1930

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 – 18.08.2023

(2)         LARSEN  -

Ø Buy price : 2658

Ø Strong Support :  2630

Ø Resistance price : 2677 - 2690

Reasons for Buy Recommended –

L&T has demonstrated strong financial performance and has received favorable analyst ratings, with target prices indicating potential upside.

Recommended stocks on – 17.08.2023

(3)         ACC -

Ø Buy price : 1897

Ø Strong Support : 1860

Ø Resistance price : 1914 -1928 -1940

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 08.08.2023

(4)         BALKRISHNA IND.  -

Ø Buy price : 2360

Ø Strong Support :  2330

Ø Resistance price : 2377 - 2390 - 2404

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.

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