Rationale report – 24.08.2023

Recommended stocks on – 24.08.2023

(1)         KOTAK BANK -

Ø Buy price : 1784

Ø Strong Support : 1740

Ø Resistance price : 1797 -1808

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 – 21.08.2023

(2)         ACC -

Ø Buy price : 1950

Ø Strong Support : 1919

Ø Resistance price : 1967 – 1973 -1988 - 2000

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

(3)         ACC -

Ø Buy price : 1988

Ø Strong Support : 1960

Ø Resistance price : 2009 - 2023 - 2030

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.

Recommended stocks on – 09.08.2023

(4)         ACC -

Ø Buy price : 2000

Ø Strong Support : 1960

Ø Resistance price : 2028 - 2040

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 04.08.2023

(5)         GODREJ CP. -

Ø Buy price : 1550

Ø Strong Support : 1544

Ø Resistance price : 1564 – 1570 – 1588 - 1600

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 – 24.08.2023

(1)         KOTAK BANK -

Ø Buy price : 1784

Ø Strong Support : 1740

Ø Resistance price : 1797 -1808

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 – 21.08.2023

(2)         ACC -

Ø Buy price : 1950

Ø Strong Support : 1919

Ø Resistance price : 1967 – 1973 -1988 - 2000

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

(3)         ACC -

Ø Buy price : 1988

Ø Strong Support : 1960

Ø Resistance price : 2009 - 2023 - 2030

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.

Recommended stocks on – 09.08.2023

(4)         ACC -

Ø Buy price : 2000

Ø Strong Support : 1960

Ø Resistance price : 2028 - 2040

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.