Friday, January 12, 2024

Rationale report - 29.12.2023


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 –

Some technical indicators might suggest a potential upward trend. For example, if the stock price has recently broken through a resistance level or if moving averages are showing a bullish crossover, these could be interpreted as positive signs.

Recommended stocks on – 20.12.2023

(2) BALKRISHNA IND. -

Ø Buy price : 2540

Ø Strong Support : 2530

Ø Resistance price : 2574 - 2606

Reasons for Buy Recommended –

The recent upgrade by Nomura reflects a positive outlook on Balkrishna Industries, citing strong growth prospects and attractive valuations.

Recommended stocks on – 18.12.2023

(3) BALKRISHNA IND. -

Ø Buy price : 2577

Ø Strong Support : 2530

Ø Resistance price : 2606

Reasons for Buy Recommended –

BKT has demonstrated robust financial performance, with notable earnings and volume growth.

Recommended stocks on – 13.12.2023

(4) ACC -

Ø Buy price : 2183

Ø Strong Support : 2144

Ø Resistance price : 2208 - 2220

Reasons for Buy Recommended –

Overall market sentiment can play a role. If the broader market is experiencing a bullish phase, ACC Cements' stock could also benefit from this positive momentum.

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