Monday, September 4, 2023

Rationale report – 04.09.2023


Recommended stocks on – 04.09.2023

(1)         GODREJ PROP. -

Ø Buy price : 1653

Ø Strong Support : 1640

Ø Resistance price : 1673 -1680

Reasons for Buy Recommended –

Godrej Properties is a high-quality real estate stock, ideal for long-term investors looking for stable and consistent returns. With a strong brand, growing urban demand, and well-planned expansions, GPL is a top pick in the real estate sector.

Recommended stocks on – 01.09.2023

(2)         PNB  -

Ø Buy price : 65

Ø Strong Support : 55

Ø Resistance price : 68 - 72 - 80 - 88 - 93 -102

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 01.09.2023

(3)         BHARTI AIRTEL -

Ø Buy price : 860

Ø Strong Support : 818

Ø Resistance price : 878 – 884 - 890

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

Recommended stocks on – 31.08.2023

(4)         GRASIM  -

Ø Buy price : 1800

Ø Strong Support : 1760

Ø Resistance price : 1824 -1833 -1840

Reasons for Buy Recommended –

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


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