Thursday, January 25, 2024

Rationale report - 25.01.2024


Recommended stocks on – 23.01.2024

 (1) 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

 (2) 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.

Recommended stocks on – 15.01.2024

 (3) GUJARAT GAS -

Ø Buy price : 535

Ø Strong Support : 488

Ø Resistance price : 550 – 563 - 570

   Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.



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