Thursday, January 25, 2024

Rationale report - 24.01.2024


Recommended stocks on – 23.01.2024

(1)         NIFTY -

Ø Buy price : 21200

Ø Strong Support : 21088

Ø Resistance price : 21288 – 21330 - 21404

   Reasons for Buy Recommended –

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


Recommended stocks on – 23.01.2024

 (2) ACC -

Ø Buy price : 2208

Ø Strong Support : 2170

Ø Resistance price : 2244 – 2273 – 2280 - 2303

   Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 23.01.2024

 (3) SBI -

Ø Buy price : 600

Ø Strong Support : 588

Ø Resistance price : 623 – 636 – 644 - 660

   Reasons for Buy Recommended –

State Bank of india short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for State bank of india.

No comments:

Post a Comment