Monday, January 29, 2024

Rationale report - 29.01.2024


Recommended stocks on – 23.01.2024

 (1) 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 – 23.01.2024

(2)         RELIANCE -

Ø Buy price : 2737 & 2700

Ø Strong Support : 2690

Ø Resistance price : 2737 – 2754 – 2760 - 2780

   Reasons for Buy Recommended –

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

Recommended stocks on – 17.01.2024

(3)         KOTAK BANK  -

Ø Buy price : 1800

Ø Strong Support : 1760

Ø Resistance price :  1828 -1840

   Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook among analysts.


Recommended stocks on – 12.01.2024

 (4) PNB -

Ø Buy price : 98

Ø Strong Support : 85

Ø Resistance price : 104 -112 - 118

   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.

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