Rationale report - 21.11.2023

Recommended stocks on – 20.11.2023

(1)         GRASIM  -

Ø Buy price : 1965

Ø Strong Support : 1930

Ø Resistance price : 1990 - 2003

Reasons for Buy Recommended –

Strong growth potential in Quarterly performance across segments.

If you’re considering adding Grasim to your portfolio, it’s a promising pick for a long-term horizon. Despite high capex plans, the stock remains reasonably valued, offering an attractive opportunity for long-term investors.

Recommended stocks on – 13.11.2023

(2)         RELIANCE  -

Ø Buy price : 2320

Ø Strong Support : 2288

Ø Resistance price : 2347 - 2360 – 2370 - 2380

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 – 07.11.2023

(3)         RELIANCE  -

Ø Buy price : 2340

Ø Strong Support : 2308

Ø Resistance price : 2357 – 2364 – 2370 - 2380

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 – 03.11.2023

(4)         HAVELLS  -

Ø Buy price : 1275

Ø Strong Support : 1250

Ø Resistance price : 1294 - 1303

Reasons for Buy Recommended –

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