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.