Intraday/S.Delivery Tips for 13/12/2023: DLF, GRASIM, BHARATFORG, BATAINDIA

Intraday/S.Delivery Tips for 13/12/2023: Cash Segment Analysis

Disclaimer:

This information is for educational and informational purposes only and should not be construed as financial advice. Trading in the stock market involves inherent risks, and you should always conduct your own research before making any investment decisions. I am not a SEBI-registered analyst, and this information is based on my own research and analysis. Please exercise caution and watch for buyer/seller quantity before making any trades.

Stocks:

DLF:

• Technical Analysis:

  • The stock has been consolidating within a range of 639.15 – 651.93 for the past few sessions.
  • A breakout above this range could lead to a move towards 674.45 – 687.93.
  • Conversely, a breakdown below the 639.15 support level could trigger a decline towards 618.47 – 600.30.
  • Technical indicators suggest a sideways movement in the short term.

• Fundamental Analysis:

  • DLF is a leading real estate developer in India, with a strong presence across residential, commercial, and retail segments.
  • The company has been witnessing healthy demand for its residential projects, driven by favorable market conditions.
  • However, rising interest rates and potential economic slowdown could pose challenges to the company’s future growth.

GRASIM:

• Technical Analysis:

  • The stock is currently in an uptrend, having recently broken above its resistance level of 2010.44.
  • This breakout suggests a potential move towards 2118.22 – 2160.58.
  • The RSI and MACD indicators are both trending upwards, confirming the bullish momentum.
  • However, a short-term pullback towards 1971.75 – 1933.06 is possible.

• Fundamental Analysis:

  • Grasim Industries is a diversified conglomerate with interests in viscose staple fiber, chemicals, textiles, and cement.
  • The company has been focusing on expanding its viscose staple fiber business, which is a key driver of growth.
  • However, rising raw material costs and global economic uncertainties could impact the company’s margins and profitability.

BHARATFORG:

• Technical Analysis:

  • The stock is currently in a consolidation phase, trading within a range of 1144.88 – 1167.78.
  • A breakout above the 1167.78 resistance level could lead to a move towards 1206.50 – 1230.63.
  • Conversely, a breakdown below the 1144.88 support level could trigger a decline towards 1124.18 – 1103.49.
  • Technical indicators suggest a neutral sentiment in the short term.

• Fundamental Analysis:

  • Bharat Forge is a leading auto component manufacturer in India, with a global presence and a wide range of product offerings.
  • The company has been witnessing strong demand from the domestic and international markets, driven by increased vehicle production.
  • However, rising input costs and potential supply chain disruptions could impact the company’s margins and profitability.

BATAINDIA:

• Technical Analysis:
  • The stock has been trading in a range between 1595.83 and 1627.74 for the past few days.
  • A breakout above this range could lead to a move towards 1683.90 – 1717.57.
  • Conversely, a breakdown below the 1595.83 support level could trigger a decline towards 1558.