Friday, February 2, 2024

Rationale report - 01.02.2024


Recommended stocks on – 29.01.2024

 (1) SBI CARDS -

Ø Buy price : 680

Ø Strong Support : 650

Ø Resistance price : 696 – 703 – 713 -730

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 23.01.2024

 (2) SBI -

Ø Buy price : 630 & 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 – 12.01.2024

 (3) 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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