Saturday, January 20, 2024

Rationale report - 20.01.2024


Recommended stocks on – 18.01.2024

 (1) 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

(2) NIFTY -

Ø Buy price : 21670 & 21474

Ø Strong Support : 21404

Ø Resistance price : 21670 - 21737 - 21808

   Reasons for Buy Recommended –

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


Recommended stocks on – 17.01.2024

(3)         KOTAK BANK  -

Ø Buy price : 1800

Ø Strong Support : 1760

Ø Resistance price :  1828 -1840

   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 – 12.01.2024

 (4) 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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