Tuesday, April 11, 2023

Rationale report – 11.04.2023



(1)         INDIGO -

Ø Buy price : 1909

Ø Strong Support : 1833

Ø Resistance price : 1924 - 1930

Reasons for Buy Recommended –

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

The moving averages are showing a bullish crossover, these could be interpreted as positive signs.

(2)         KOTAK BANK -

Ø Buy price : 1757

Ø Strong Support : 1717

Ø Resistance price : 1774 - 1780

Reasons for Buy Recommended –

Kotak Bank's short-term outlook appears bullish.

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


 

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