Friday, January 12, 2024

Rationale report - 01.01.2024


Recommended stocks on – 20.12.2023

(1) BALKRISHNA IND.  -

Ø Buy price : 2530

Ø Strong Support : 2500

Ø Resistance price :  2563 – 2577 - 2606

   Reasons for Buy Recommended –

Positive outlook on Balkrishna Industries, citing strong growth prospects and attractive valuations. However, the consensus among analysts indicates a more modest potential upside.

Recommended stocks on – 18.12.2023

(2)  UPL -

Ø Buy price : 588

Ø Strong Support : 580

Ø Resistance price : 606 – 623 - 630

   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.

Recommended stocks on – 18.12.2023

 (3) BALKRISHNA IND.  -

Ø Buy price : 2540

Ø Strong Support : 2530

Ø Resistance price :  2577 - 2606

   Reasons for Buy Recommended –

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

Recommended stocks on – 18.12.2023

 (4) BALKRISHNA IND.  -

Ø Buy price : 2574

Ø Strong Support : 2530

Ø Resistance price :  2606

   Reasons for Buy Recommended –

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


Recommended stocks on – 12.12.2023

(5)  UPL -

Ø Buy price : 580

Ø Strong Support : 575

Ø Resistance price : 600 – 619 - 630

   Reasons for Buy Recommended –

Technical indicators suggest a bullish trend.

No comments:

Post a Comment