Tuesday, June 4, 2024

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.

Recommended stocks on – 02.05.2024

  (3)  RELIANCE IND. -

Ø Buy price : 2960

Ø Strong Support : 2909

Ø Resistance price : 2977 – 2984 – 2990 - 3003

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.

Recommended stocks on – 29.04.2024

 (4)  GUJARAT GAS -

Ø Buy price : 530

Ø Strong Support : 525

Ø Resistance price : 567 - 574

  Reasons for Buy Recommended –

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

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