Rationale report - 31.05.2024

 

Recommended stocks on – 29.05.2024

 (1)  AXIS BANK -

Ø Buy price : 1168 & 1150

Ø Strong Support : 1140

Ø Resistance price : 1184 -1190 -1202

  Reasons for Buy Recommended –

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

Rationale report - 30.05.2024

Recommended stocks on – 29.05.2024

     AXIS BANK -

Ø Buy price : 1168 & 1150

Ø Strong Support : 1140

Ø Resistance price : 1184 -1190 -1202

  Reasons for Buy Recommended –

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

Rationale report - 28.05.2024

Recommended stocks on – 18.05.2024

    GODREJ CP -

Ø Buy price : 1277

Ø Strong Support : 1270

Ø Resistance price : 1303 - 1323 -1337 - 1344

   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.

Rationale report - 27.05.2024

Recommended stocks on – 24.05.2024

   (1)  AXIS BANK -

Ø Buy price : 1166

Ø Strong Support : 1130

Ø Resistance price : 1188 -1193

   Reasons for Buy Recommended –

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

Rationale report - 24.05.2024

Recommended stocks on – 21.05.2024

(1) HDFC BANK -

Ø Buy price : 1464

Ø Strong Support : 1430

Ø Resistance price : 1484 - 1494 - 1500

   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 – 17.05.2024

(1) HDFC BANK -

Ø Buy price : 1460

Ø Strong Support : 1424

Ø Resistance price : 1447 - 1484 - 1493 - 1500

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 21.05.2024

(3) TATA CHEMICAL -

Ø Buy price : 1082

Ø Strong Support : 1055

Ø Resistance price : 1097 - 1103 - 1120

   Reasons for Buy Recommended –

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

Recommended stocks on – 18.05.2024

(4) TATA CHEMICAL -

Ø Buy price : 1087

Ø Strong Support : 1055

Ø Resistance price :  1103 - 1120

   Reasons for Buy Recommended –

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

Rationale report - 23.05.2024

Recommended stocks on – 21.05.2024

(1) HDFC BANK -

Ø Buy price : 1464

Ø Strong Support : 1430

Ø Resistance price : 1484 - 1494 - 1500

   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 – 17.05.2024

(1) HDFC BANK -

Ø Buy price : 1460

Ø Strong Support : 1424

Ø Resistance price : 1447 - 1484 - 1493 - 1500

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 07.05.2024

(3) INDUSIND BANK -

Ø Buy price : 1450

Ø Strong Support : 1440

Ø Resistance price : 1484

   Reasons for Buy Recommended –

IndusInd Bank's short-term outlook appears bullish.

 The prevailing technical indicators and consensus suggest a bullish short-term outlook for IndusInd Bank.

Recommended stocks on – 03.05.2024

(4) RELIANCE IND. -

Ø Buy price : 2900

Ø Strong Support : 2880

Ø Resistance price : 2960 – 2974 - 2980

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 02.05.2024

(5) RELIANCE IND. -

Ø Buy price : 2960

Ø Strong Support : 2909

Ø Resistance price : 2977 - 2984

   Reasons for Buy Recommended –

Reliance short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for Reliance.

Rationale report - 22.05.2024

Recommended stocks on – 18.05.2024

(1) GODREJ CP.-

Ø Buy price : 1277

Ø Strong Support : 1270

Ø Resistance price : 1303 – 1323 - 1337 

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

  Recommended stocks on – 15.05.2024

(2) GODREJ CP.-

Ø Buy price : 1300

Ø Strong Support : 1288

Ø Resistance price : 1333

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 – 14.05.2024

(3) GODREJ CP. -

Ø Buy price : 1308

Ø Strong Support : 1288

Ø Resistance price : 1330

   Reasons for Buy Recommended –

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

Recommended stocks on – 03.04.2024

(4) RELIANCE IND. -

Ø Buy price : 2930

Ø Strong Support : 2880

Ø Resistance price : 2960 – 2974 - 2980

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 29.04.2024

(5) GUJARAT GAS -

Ø Buy price : 530

Ø Strong Support : 525

Ø Resistance price : 567 – 573 - 580

   Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Rationale report - 21 .05.2024

Recommended stocks on – 21.05.2024

(1) TATA CHEMICALS -

Ø Buy price : 1082

Ø Strong Support : 1055

Ø Resistance price : 1097

   Reasons for Buy Recommended –

Tata Chemicals Limited is a prominent player in the chemical industry, offering a diverse range of products across various sectors.

stable revenue and consistent dividend payouts may appeal to investors. The company has maintained a healthy dividend payout ratio of 62.4%.

Recommended stocks on – 17.05.2024

(2) HDFC BANK -

Ø Buy price : 1460

Ø Strong Support : 1424

Ø Resistance price : 1477

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 15.05.2024

(3) KOTAK BANK -

Ø Buy price : 1650

Ø Strong Support : 1590

Ø Resistance price : 1664 – 1673 – 1680 -  1703 - 1717

   Reasons for Buy Recommended –

Kotak Bank's short-term outlook appears bullish.The prevailing technical indicators and consensus suggest a bullish short-term outlook for Kotak Bank.

Recommended stocks on – 29.04.2024

(4) JSW STEEL -

Ø Buy price : 900

Ø Strong Support : 878

Ø Resistance price : 913 – 919 – 923 - 930

   Reasons for Buy Recommended –

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