Monday, December 4, 2023

Rationale report - 04.12.2023


Recommended stocks on – 29.11.2023

(1)         RELIANCE  -

Ø Buy price : 2400

Ø Strong Support : 2350

Ø Resistance price : 2424 – 2460 – 2473 - 2480

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 29.11.2023

(2)         RELIANCE  -

Ø Buy price : 2424

Ø Strong Support : 2350

Ø Resistance price : 2460 – 2473 - 2480

Reasons for Buy Recommended –

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

Recommended stocks on – 29.12.2023

   (3) KOTAK BANK -

Ø Buy price : 1745

Ø Strong Support : 1700

Ø Resistance price : 1766 – 1774 - 1780

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 – 06.11.2023

(4)         ACC  -

Ø Buy price : 1880

Ø Strong Support : 1850

Ø Resistance price : 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 – 12.10.2023

(5)         ADANI ENT.  -

Ø Buy price : 2515

Ø Strong Support : 2474

Ø Resistance price : 2547 - 2560

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.

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