Saturday, January 20, 2024

Rationale report - 16.01.2024

Recommended stocks on – 16.01.2024

 (1) GODREJ PROP. -

Ø Buy price : 2270

Ø Strong Support : 2260

Ø Resistance price : 2303

   Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.


Recommended stocks on – 15.01.2024

 (2) 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 – 12.01.2024

(3) 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

(4) POLYCAB  -

Ø Buy price : 4040

Ø Strong Support : 3909

Ø Resistance price :  4088 – 4108 – 4170 - 4200

   Reasons for Buy Recommended –

Polycab is India's largest manufacturer of wires and cables and one of the fastest-growing Fast-Moving Electrical Goods (FMEG) companies.

Polycab India Limited has demonstrated strong financial performance and maintains a leading position in its industry. projections indicate potential for further appreciation.

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