Rationale report – 27.06.2023

Recommended stocks on – 27.06.2023

(1)         KOTAK BANK -

Ø Buy price : 1828

Ø Strong Support : 1797

Ø Resistance price : 1844 - 1850

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.

Recommended stocks on – 26.06.2023

(2)         ACC -

Ø Buy price : 1757

Ø Strong Support : 1717

Ø Resistance price : 1777 – 1784 – 1794 - 1800

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

The stock remains reasonably valued, offering an attractive opportunity for long-term investors. view as a long-term "Buy" due to its strong fundamentals and growth potential across sectors.

Recommended stocks on – 26.06.2023

(3)         HAVELLS -

Ø Buy price : 1280

Ø Strong Support : 1250

Ø Resistance price : 1293 - 1303

Reasons for Buy Recommended –

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

Recommended stocks on – 22.06.2023

(4)         M & M -

Ø Buy price : 1380

Ø Strong Support : 1360

Ø Resistance price : 1397 - 1404

Reasons for Buy Recommended –

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

Recommended stocks on – 22.06.2023

(5)         HDFC BANK -

Ø Buy price : 1644

Ø Strong Support : 1606

Ø Resistance price : 1663 - 1670

Reasons for Buy Recommended –

HDFC Bank demonstrates robust financial health, with significant growth in advances and consistent profit increases. potential upside of approximately 17.2% to 25.99%, and recent stock performance indicates resilience.