Wednesday, July 12, 2023

Rationale report – 12.07.2023


Recommended stocks on – 12.07.2023

(1)         KOTAK BANK  -

Ø Buy price : 1880

Ø Strong Support : 1850

Ø Resistance price : 1894 - 1900

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 – 12.07.2023

(2)         GRASIM  -

Ø Buy price : 1760

Ø Strong Support : 1750

Ø Resistance price : 1794 - 1800

Reasons for Buy Recommended –

Grasim Industries has received favorable analyst ratings, with target prices indicating potential upside. However, technical indicators suggest caution in the short term.

Recommended stocks on – 12.07.2023

(3)         GRASIM  -

Ø Buy price : 1775

Ø Strong Support : 1750

Ø Resistance price : 1794 - 1800

Reasons for Buy Recommended –

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

Recommended stocks on – 07.07.2023

(4)         ACC  -

Ø Buy price : 1770

Ø Strong Support : 1760

Ø Resistance price : 1800 – 1823 - 1830

Reasons for Buy Recommended –

Overall market sentiment can play a role. If the broader market is experiencing a bullish phase, ACC Cements' stock could also benefit from this positive momentum.

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