Saturday, January 20, 2024

Rationale report - 19.01.2024

Recommended stocks on – 18.01.2024

 (1) ACC -

Ø Buy price : 2230

Ø Strong Support : 2217

Ø Resistance price : 2260 - 2283 – 2290 - 2303

Recommended stocks on – 18.01.2024

 (2) ACC -

Ø Buy price : 2260

Ø Strong Support : 2217

Ø Resistance price : 2283 – 2290 - 2303

   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 – 17.01.2024

(3) NIFTY -

Ø Buy price : 21474

Ø Strong Support : 21404

Ø Resistance price : 21670 - 21737 - 21808

Recommended stocks on – 17.01.2024

(4) NIFTY -

Ø Buy price : 21670

Ø Strong Support : 21404

Ø Resistance price : 21737 - 21808

   Reasons for Buy Recommended –

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


Recommended stocks on – 17.01.2024

(5  ) KOTAK BANK  -

Ø Buy price : 1770

Ø Strong Support : 1760

Ø Resistance price :  1800 – 1818

   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 – 16.01.2024

(6) CIPLA -

Ø Buy price : 1288

Ø Strong Support : 1280

Ø Resistance price :  1307 - 1323 -1330

   Recommended stocks on – 16.01.2024

(7) CIPLA -

Ø Buy price : 1307

Ø Strong Support : 1280

Ø Resistance price : 1323 -1330

   Reasons for Buy Recommended –

Cipla is a prominent player in the pharmaceutical sector, known for its extensive product portfolio and commitment to affordable healthcare solutions.

Cipla's strong fundamentals and strategic position in the pharmaceutical industry make it a viable option for  investment.

Recommended stocks on – 12.01.2024

 (8) PNB -

Ø Buy price : 98

Ø Strong Support : 85

Ø Resistance price : 104 -112 - 118

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

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