Tuesday, October 22, 2024

Rationale report - 22.10.2024


Recommended stocks on – 21.10.2024

  (1)  KOTAK MAHINDRA BANK -

Ø Buy price : 1773 & 1750

Ø Strong Support : 1744

Ø Resistance price : 1793 -1800

Reasons for Buy Recommended –

A potential bullish crossover is forming, indicating short-term upward momentum.

The banking sector has shown resilience, and Kotak Mahindra Bank's strong retail and corporate loan book positions it well for short-term gains.

Recommended stocks on – 17.10.2024

  (2) ACC LTD -

Ø Buy price : 2308 & 2280

Ø Strong Support : 2270

Ø Resistance price : 2333 - 2340

Reasons for Buy Recommended –

ACC Limited is a prominent player in India's cement industry.

While ACC demonstrates resilience with revenue growth and an optimistic demand outlook.

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