Wednesday, April 24, 2024

Rationale report - 24.04.2024


Recommended stocks on – 12.04.2024

(1)  ICICI BANK -

Ø Buy price : 1080

Ø Strong Support : 1050

Ø Resistance price : 1097 – 1103

   Reasons for Buy Recommended –

ICICI Bank has consistently grown its loan book, driven by a healthy mix of retail and corporate lending. Improving asset quality and declining Non-Performing Assets (NPAs) reflect effective risk management.

ICICI Bank is one of the largest private sector banks in India, with a strong presence across urban and rural markets.The bank is well-capitalized to support future growth.

Recommended stocks on – 09.04.2024

(2)  ACC -

Ø Buy price : 2580 & 2530

Ø Strong Support : 2508

Ø Resistance price : 2560 – 2588 - 2606 - 2620

   Reasons for Buy Recommended –

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



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