Tuesday, February 14, 2023

Rationale report – 23.01.2023


Recommended stocks on – 20.01.2023

(1)         MUTHOOT FIN.-

Ø Buy price : 1055

Ø Strong Support : 1030

Ø Resistance price : 1074 - 1080

Reasons for Buy Recommended –

The Moving Average Convergence Divergence (MACD) indicator is at 19.16, suggesting a buy signal. In summary, while long-term technical indicators for Muthoot Finance Limited suggest a bullish trend.

 The stock's price is above its 50-day and 200-day simple moving averages, indicating a bullish trend.

Recommended stocks on – 19.01.2023

(2)         KOTAK BANK -

Ø Buy price : 1773

Ø Strong Support : 1740

Ø Resistance price : 1788 - 1803

Reasons for Buy Recommended –

The prevailing technical indicators and consensus suggest a bullish short-term outlook for kotak Bank. kotak Bank's short-term outlook appears bullish.

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