Monday, March 4, 2024

Rationale report - 04.03.2024


Recommended stocks on – 02.03.2024

 (1)  BHARTI AIRTEL -

Ø Buy price : 1130

Ø Strong Support : 1088

Ø Resistance price : 1147 -1155

   Reasons for Buy Recommended –

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


Recommended stocks on – 27.02.2024

 (2)  GUJARAT GAS -

Ø Buy price : 568 & 550

Ø Strong Support : 540

Ø Resistance price : 583 – 590 - 600

   Reasons for Buy Recommended –

Gujarat Gas appears to be a promising investment, especially for investors looking to benefit from India's clean energy transition. If you're bullish on the CGD sector and natural gas demand, accumulating the stock at lower levels with a long-term horizon can be a good strategy.

Consistent revenue and profit growth over the years.Healthy return ratios (ROCE and ROE), and robust cash flows.

Recommended stocks on – 21.02.2024

 (3)  TATA CHEMICAL -

Ø Buy price : 985 & 960

Ø Strong Support : 950

Ø Resistance price : 1003 - 1013

   Reasons for Buy Recommended –

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



Recommended stocks on – 16.02.2024

 (4) HDFC LIFE -

Ø Buy price : 588

Ø Strong Support : 560

Ø Resistance price : 604 - 614 - 620

   Reasons for Buy Recommended –

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

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