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.