Thursday, September 7, 2023

Rationale report – 07.09.2023


Recommended stocks on – 07.09.2023

(1)         RELIANCE -

Ø Buy price : 2434

Ø Strong Support : 2388

Ø Resistance price : 2455 – 2464 - 2470

Reasons for Buy Recommended –

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

Recommended stocks on – 06.09.2023

(2)         ADANI ENT. -

Ø Buy price : 2482

Ø Strong Support : 2424

Ø Resistance price : 2503 - 2520

Reasons for Buy Recommended –

Adani Enterprises Earnings momentum could drive the stock higher.

Adani's businesses in renewables, airports, and data centers are attracting investor interest.

FIIs/DII investments increase, momentum could continue.

Recommended stocks on – 06.09.2023

(3)         HDFC AMC -

Ø Buy price : 2434

Ø Strong Support : 2388

Ø Resistance price : 2457 – 2460 - 2470

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 – 05.08.2023

(4)         KOTAK BANK -

Ø Buy price : 1775

Ø Strong Support : 1750

Ø Resistance price : 1790 - 1803

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.

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