Friday, June 28, 2024

Rationale report - 28.06.2024


Recommended stocks on – 27.06.2024

 (1)  GODREJ CP -

Ø Buy price : 1366

Ø Resistance price : 1383 – 1390 – 1404

  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.

Thursday, June 27, 2024

Rationale report - 27.06.2024


Recommended stocks on – 26.06.2024

 (1)  GUJARAT GAS -

Ø Buy price : 610

Ø Strong Support : 590

Ø Resistance price : 623 - 630

  Reasons for Buy Recommended –

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

Wednesday, June 26, 2024

Rationale report - 26.06.2024


Recommended stocks on – 27.06.2024

  (1)  RAMCO CEMENT -

Ø Buy price : 848

Ø Strong Support : 818

Ø Resistance price : 860 – 870

Reasons for Buy Recommended –

The short-term outlook for The Ramco Cements Ltd. appears

 Bullis.

 The long-term prospects for The Ramco Cements Ltd. remain positive, current technical indicators suggest a  bullish trend in the short term.

Rationale report - 25.06.2024


Recommended stocks on – 24.06.2024

 (1) HDFC BANK -

Ø Buy price : 1650

Ø Strong Support : 1606

Ø Resistance price : 1666 – 1673 - 1680

  Reasons for Buy Recommended –

Given the positive analyst outlook and recent developments, HDFC Bank's stock appears to have bullish potential.

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

Monday, June 24, 2024

Rationale report - 24.06.2024



 Recommended stocks on – 24.06.2024

 (1) HDFC BANK -

Ø Buy price : 1650

Ø Strong Support : 1606

Ø Resistance price : 1666 – 1673 - 1680

  Reasons for Buy Recommended –

Given the positive analyst outlook and recent developments, HDFC Bank's stock appears to have bullish potential.

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

Friday, June 21, 2024

Rationale report - 21.06.2024


Recommended stocks on – 20.06.2024

 (1) BHARTI AIRTEL -

Ø Buy price : 1380

Ø Strong Support : 1353

Ø Resistance price : 1397 – 1409 – 1417 – 1424 - 1430

  Reasons for Buy Recommended –

Bharti airtel short-term outlook appears bullish.

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

Wednesday, June 19, 2024

Rationale report - 19.06.2024


Recommended stocks on – 14.06.2024

 (1)  INDUSIND BANK -

Ø Buy price : 1505

Ø Strong Support : 1450

Ø Resistance price : 1525 - 1540

  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.

Tuesday, June 18, 2024

Rationale report - 18.06.2024


Recommended stocks on – 11.06.2024

  (1)  RELIANCE IND. -

Ø Buy price : 2940

Ø Strong Support : 2888

Ø Resistance price : 2964 – 2977 - 2990

Reasons for Buy Recommended –

Despite this recent dip, the short-term outlook appears bullish. Technical analysis indicates a bullish short-term trend, though the long-term trend remains bullish

Recent strong quarterly performance, driven by robust retail and telecom segments, has led to stock gains and positive revisions.

Friday, June 14, 2024

Rationale report - 14.06.2024


Recommended stocks on – 11.06.2024

  (1)  RELIANCE IND. -

Ø Buy price : 2940

Ø Strong Support : 2888

Ø Resistance price : 2964 – 2977 - 2990

Reasons for Buy Recommended –

Despite this recent dip, the short-term outlook appears bullish. Technical analysis indicates a bullish short-term trend, though the long-term trend remains bullish

Recent strong quarterly performance, driven by robust retail and telecom segments, has led to stock gains and positive revisions.

Rationale report - 13.06.2024



 Recommended stocks on – 07.06.2024

  (1)  HDFC LIFE -

Ø Buy price : 560

Ø Strong Support : 535

Ø Resistance price : 574 – 580 – 594 - 533

Reasons for Buy Recommended –

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

Wednesday, June 12, 2024

Rationale report - 12.06.2024


Recommended stocks on – 07.06.2024

  (1)  HDFC LIFE -

Ø Buy price : 560

Ø Strong Support : 535

Ø Resistance price : 574 – 580 – 594 - 533

Reasons for Buy Recommended –

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

 

Tuesday, June 11, 2024

Rationale report - 11.06.2024



Recommended stocks on – 11.06.2024

 (1)  GUJARAT GAS -

Ø Buy price : 580

Ø Strong Support : 550

Ø Resistance price : 593 - 606

  Reasons for Buy Recommended –

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

Monday, June 10, 2024

Rationale report - 10.06.2024



 Recommended stocks on – 07.06.2024

  (1)  HDFC LIFE -

Ø Buy price : 560

Ø Strong Support : 535

Ø Resistance price : 574 – 580 – 594 - 533

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

Friday, June 7, 2024

Rationale report - 07.06.2024


Recommended stocks on – 07.06.2024

 (1)  GODREJ CP -

Ø Buy price : 1404 & 1397

Ø Strong Support : 1350

Ø Resistance price : 1434 -1433 -1440

  Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Thursday, June 6, 2024

Rationale report - 06.06.2024



Recommended stocks on – 06.06.2024

 (1)  GODREJ CP -

Ø Buy price : 1397

Ø Strong Support : 1350

Ø Resistance price : 1434 -1433 -1440

  Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Wednesday, June 5, 2024

Rationale report - 05.06.2024



Recommended stocks on – 05.05.2024

 (1)  AXIS BANK -

Ø Buy price : 1130

Ø Strong Support : 1077

Ø Resistance price : 1147 -1155 - 1160 - 1173 - 1180

  Reasons for Buy Recommended –


Recommended stocks on – 05.06.2024

 (4)  GUJARAT GAS -

Ø Buy price : 515

Ø Strong Support : 480

Ø Resistance price : 533 - 540 - 547

  Reasons for Buy Recommended –

Tuesday, June 4, 2024

Rationale report - 04.06.2024



  Recommended stocks on – 14.05.2024

 (1) NIFTY ( PE 22500 ) -

Ø Buy price : 240

RReasons for Buy Recommended –

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


Recommended stocks on – 14.05.2024

 (2)  GODREJ CP -

Ø Buy price : 1277

Ø Strong Support : 1240

Ø Resistance price : 1303 - 1313 - 1337 - 1344 - 1350

  Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Rationale report - 03.06.2024


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.



Recommended stocks on – 27.05.2024

 (1)  INFOSYS -

Ø Buy price : 1424

Ø Strong Support : 1414

Ø Resistance price : 1467 -14734 – 1488 – 1493 -1505

  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.