Rationale report – 16.06.2023

Recommended stocks on – 16.06.2023

(1)         RELIANCE  -

Ø Buy price : 2568

Ø Strong Support : 2533

Ø Resistance price : 2584 – 2590 - 2600

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Recommended stocks on – 14.06.2023

(2)         MUTHOOT FIN. -

Ø Buy price : 1153

Ø Strong Support : 1120

Ø Resistance price : 1164 – 1174 - 1180

Reasons for Buy Recommended –

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

Recommended stocks on – 13.06.2023

(3)         KOTAK BANK -

Ø Buy price : 1840

Ø Strong Support : 1830

Ø Resistance price : 1863 – 1888 – 1894 - 1900

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.