Rationale report – 22.08.2023

Recommended stocks on – 22.08.2023

(1)         BALKRISHNA IND.  -

Ø Buy price : 2377

Ø Strong Support :  2330

Ø Resistance price : 2404 - 2420

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 – 22.08.2023

(2)         GODREJ CP. -

Ø Buy price : 1555

Ø Strong Support : 1517

Ø Resistance price : 1573 -1580

Reasons for Buy Recommended –

While the consensus indicates a potential upside

Recommended stocks on – 21.08.2023

(3)         ACC -

Ø Buy price : 1950

Ø Strong Support : 1919

Ø Resistance price : 1967 – 1973 -1988 - 2000

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

(4)         ACC -

Ø Buy price : 1988

Ø Strong Support : 1960

Ø Resistance price : 2009 - 2023 - 2030

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 – 09.08.2023

(5)         ACC -

Ø Buy price : 2000

Ø Strong Support : 1960

Ø Resistance price : 2028 -2040

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.