Wednesday, October 18, 2023

Rationale report – 17.10.2023


Recommended stocks on – 17.10.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2608

Ø Strong Support : 2570

Ø Resistance price : 2636

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 – 16.10.2023

(2)         KOTAK BANK -

Ø Buy price : 1753

Ø Strong Support : 1727

Ø Resistance price : 1777

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 – 12.10.2023

(3)         ACC -

Ø Buy price : 2044 & 2008

Ø Strong Support : 1990

Ø Resistance price : 2044

Reasons for Buy Recommended –

While ACC has a strong presence in the cement sector and shows potential for growth, its recent financial performance and modest sales growth suggest a bullish approach.The company has reported a modest sales growth of 6.16% over the past four years.

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