Tuesday, February 14, 2023

Rationale report – 16.01.2023


Recommended stocks on – 10.01.2023

(1)         MUTHOOT FIN. -

Ø Buy price : 1077 & 1070

Ø Strong Support : 1055

Ø Resistance price : 1088 – 1094 - 1103

Reasons for Buy Recommended –

The current technical indicators for muthoot fin. predominantly suggest a bullish outlook. The stock's position below key moving averages, indicates upward momentum.

However, the RSI nearing oversold levels could imply a potential reversal if buying interest emerges. 

No comments:

Post a Comment