Friday, May 24, 2024

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.



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