Rationale report – 23.08.2023

Recommended stocks on – 23.08.2023

(1)         LARSEN  -

Ø Buy price : 2688

Ø Strong Support :  2650

Ø Resistance price : 2703 - 2717

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 – 22.08.2023

(2)         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

(3)         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 – 18.08.2023

(4)         LARSEN  -

Ø Buy price : 2658

Ø Strong Support :  2630

Ø Resistance price : 2677 - 2690

Reasons for Buy Recommended –

The stock remains reasonably valued, offering an attractive opportunity for long-term investors. view as a long-term "Buy" due to its strong fundamentals and growth potential across sectors.

Recommended stocks on – 07.08.2023

(5)         BALKRISHNA IND.  -

Ø Buy price : 2408

Ø Strong Support :  2370

Ø Resistance price : 2437 – 2444 - 2460

Reasons for Buy Recommended –

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

Recommended stocks on – 04.08.2023

(6)         GODREJ CP. -

Ø Buy price : 1550

Ø Strong Support : 1544

Ø Resistance price : 1564 – 1570 – 1588 - 1600

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.