Rationale report – 15.11.2023

Recommended stocks on – 13.11.2023

(1)         RELIANCE  -

Ø Buy price : 2320

Ø Strong Support : 2288

Ø Resistance price : 2347 - 2360 – 2370 - 2380

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.

Recommended stocks on – 09.11.2023

(2)         NIFTY  -

Ø Buy price :19488

Ø Strong Support : 19373

Ø Resistance price : 19533 – 19577 - 19606

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Recommended stocks on – 09.11.2023

(3)         ADANI ENT.  -

Ø Buy price : 2230

Ø Strong Support : 2208

Ø Resistance price : 2257 – 2274 – 2288 - 2303

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 – 09.11.2023

(4)         HDFC AMC -

Ø Buy price : 2740

Ø Strong Support : 2690

Ø Resistance price : 2773 – 2788 - 2808

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 07.11.2023

(5)         RELIANCE  -

Ø Buy price : 2323

Ø Strong Support : 2308

Ø Resistance price : 2357 – 2364 – 2370 - 2380

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 – 06.11.2023

   (6) 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.

Recommended stocks on – 03.11.2023

(7)         HAVELLS  -

Ø Buy price : 1255

Ø Strong Support : 1250

Ø Resistance price : 1275 - 1294 - 1303

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.