Monday, August 19, 2024

Rationale report - 19.08.2024


 Recommended stocks on – 13.08.2024

  (1) KOTAK BANK -

Ø Buy price : 1750

Ø Strong Support : 1700

Ø Resistance price : 1774 -1783 - 1790

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 – 20.08.2024

  (2)  ACC LTD -

Ø Buy price : 2308 & 2288

Ø Strong Support : 2273

Ø Resistance price : 2337 – 2350

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 – 07.08.2024

  (3) INDUSIND BANK -

Ø Buy price : 1350

Ø Strong Support : 1323

Ø Resistance price : 1367 – 1373 – 1380  

Reasons for Buy Recommended –

The bank continues to invest in digital banking, which could drive operational efficiency and customer acquisition in the long term.

The stock is currently trading at an attractive valuation, with a Price-to-Book ratio lower than some of its peers, making it appealing for  investors.

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