Wednesday, October 18, 2023

Rationale report – 18.10.2023


Recommended stocks on – 17.10.2023

(1)         GRASIM  -

Ø Buy price : 1970

Ø Strong Support : 1944

Ø Resistance price : 1988 -1994

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 – 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.

Recommended stocks on – 06.10.2023

(4)         RELIANCE -

Ø Buy price : 2323

Ø Strong Support : 2270

Ø Resistance price : 2347 - 2360 - 2373

Reasons for Buy Recommended –

Reliance Industries is a strong short & long term investment, backed by market leadership, diversification, digital transformation, and green energy expansion. It remains a top pick for Indian investors looking for steady growth and stability.

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