Monday, April 29, 2024

Rationale report - 29.04.2024



Recommended stocks on – 29.04.2024

(1)  BALKRISHNA IND. -

Ø Buy price : 2398 & 2375

Ø Strong Support : 2360

Ø Resistance price : 2390 – 2404 – 2418 - 2420

   Reasons for Buy Recommended –

Chart signals a bullish trend, it suggests the potential for an upward movement in the short term. 

 


Recommended stocks on – 29.04.2024

(2)  RELIANCE -

Ø Buy price : 2929

Ø Strong Support : 2909

Ø Resistance price : 2953 – 2960 - 2974 - 2990

   Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.


Recommended stocks on – 12.04.2024

(3)  ICICI BANK -

Ø Buy price : 1105 & 1080

Ø Strong Support : 1050

Ø Resistance price : 1094 – 1120 – 1133 - 1140

   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.

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