Rationale report – 11.09.2023

Recommended stocks on – 11.09.2023

(1)         RELIANCE -

Ø Buy price : 2466

Ø Strong Support : 2420

Ø Resistance price : 2488 - 2493 - 2500

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 – 11.09.2023

(2)         BALKRISHNA IND. -

Ø Buy price : 2400

Ø Strong Support : 2360

Ø Resistance price : 2424 - 2440

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Recommended stocks on – 07.09.2023

(3)         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 – 01.09.2023

(4)         BHARTI AIRTEL -

Ø Buy price : 860

Ø Strong Support : 818

Ø Resistance price : 878 – 884 - 890

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.