Rationale report - 15.01.2025

Recommended  stocks on – 15.01.2025

(1) KOTAK MAHINDRA BANK -

Ø Buy price : 1775

Ø Strong Support : 1750

Ø Resistance price : 1797 - 1808

stock performance suggest potential for short-term gains.

The stock is trading above its 50-day Exponential Moving Average (EMA) of ₹1,789.60, indicating a potential bullish trend.

The 14-day RSI is at 60.50, suggesting that the stock is approaching overbought territory but still has room for upward movement.

Implementing stop-loss orders and setting clear profit targets can help manage potential risks associated with short-term trading.

Recommended  stocks on – 15.01.2025

(2) MAHANAGAR GAS -

Ø Buy price : 1276

Ø Strong Support : 1250

Ø Resistance price : 1293 – 1303 - 1313

Short-Term (10-day EMA): The stock is trading above its 10-day Exponential Moving Average (EMA) of ₹1,264.19, indicating a potential short-term bullish trend.

Medium-Term (50-day EMA): It is below the 50-day EMA of ₹1,326.75, suggesting caution for medium-term traders.

Morgan Stanley has projected a 31% upside on MGL shares, citing strong volume growth and positioning natural gas as the fuel of the future for Mumbai. While the short-term moving average suggests a potential buying opportunity, the bearish MACD and neutral RSI indicate that caution is warranted.

 Recommended  stocks on – 13.01.2025

(3) MUTHOOT FINANCE -

Ø Buy price : 2120 & 2088

Ø Strong Support : 2073

Ø Resistance price : 2148 – 2153 - 2160

Reasons for Buy Recommended –

stock performance suggest potential for short-term gains.

Short-Term (10-day EMA): The stock is trading above its 10-day Exponential Moving Average (EMA) of ₹2,171.29, indicating a potential short-term bullish trend.

Medium-Term (50-day EMA): Similarly, it is above the 50-day EMA of ₹2,041.73, reinforcing the bullish sentiment.

The 14-day RSI is at 60.50, which is below the overbought threshold of 70, suggesting that the stock is not currently overbought and may have room for further upward movement.

Implementing stop-loss orders and setting clear profit targets can help manage potential risks associated with short-term trading.