Rationale report – 10.08.2023

Recommended stocks on – 10.08.2023

(1)         BALKRISHNA IND.  -

Ø Buy price : 2347

Ø Strong Support :  2310

Ø Resistance price : 2367 - 2380

Reasons for Buy Recommended –

BKT has demonstrated robust financial performance, with notable earnings and volume growth. opinions are bullish, reflecting positive perspectives on the stock's valuation and future prospects.

Recommended stocks on – 10.08.2023

(2)         ACC -

Ø Buy price : 1970

Ø Strong Support : 1960

Ø Resistance price : 2009 - 2023 - 2030

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 10.08.2023

(3)         ACC -

Ø Buy price : 1968

Ø Strong Support : 1944

Ø Resistance price : 1988 - 2003 – 2019 - 2030

Reasons for Buy Recommended –

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth. With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

Recommended stocks on – 10.08.2023

(4)         KOTAK BANK -

Ø Buy price : 1808

Ø Strong Support : 1790

Ø Resistance price : 1824 -1830 – 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.