Rationale report – 09.10.2023

Recommended stocks on – 18.10.2023

(1)         HDFC AMC -

Ø Buy price : 2685

Ø Strong Support : 2650

Ø Resistance price : 2696 - 2707

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 09.10.2023

(2)         BALKRISHNA IND. -

Ø Buy price : 2528

Ø Strong Support : 2488

Ø Resistance price : 2544 -2560 – 2573 - 2580

Reasons for Buy Recommended –

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