Monday, January 15, 2024

Rationale report - 15.01.2024


Recommended stocks on – 15.01.2024

 (1) GUJARAT GAS -

Ø Buy price : 535

Ø Strong Support : 488

Ø Resistance price : 550 - 563

   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 – 15.01.2024

(2) BALKRISHNA IND.  -

Ø Buy price : 2638

Ø Strong Support : 2588

Ø Resistance price :  2660 – 2677 - 2690

  Recommended stocks on – 12.01.2024

(3) BALKRISHNA IND.  -

Ø Buy price : 2606

Ø Strong Support : 2560

Ø Resistance price :  2644 – 2660 – 2677 - 2690

   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 – 12.01.2024

(4) KOTAK BANK  -

Ø Buy price : 1828

Ø Strong Support : 1787

Ø Resistance price :  1844 -1853 - 1860

   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 – 11.01.2024

(5) SBI -

Ø Buy price : 628

Ø Strong Support : 590

Ø Resistance price :  644

   Reasons for Buy Recommended –

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



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