Saturday, November 25, 2023

Rationale report – 08.11.2023

Recommended stocks on – 09.11.2023

(1)         ADANI ENT. -

Ø Buy price : 2260

Ø Strong Support : 2217

Ø Resistance price : 2277 – 2285 – 2294 - 2308

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

The company has maintained a return on equity of 8.33% over the past Two years. While AEL's diversified portfolio and strategic initiatives in infrastructure and renewable energy present potential growth opportunities.

Recommended stocks on – 06.11.2023

(2)         ACC  -

Ø Buy price : 1860

Ø Strong Support : 1850

Ø Resistance price : 1880 – 1903 -1913 - 1920

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 06.11.2023

   (3) KOTAK BANK -

Ø Buy price : 1747

Ø Strong Support : 1720

Ø Resistance price : 1764 - 1770

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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