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.

Recommended stocks on – 07.06.2024

  (2)  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

Recommended stocks on – 07.06.2024

 (3) JUBLFOOD -

Ø Buy price : 510

Ø Strong Support : 474

Ø Resistance price : 527 – 533 – 547 - 550

  Reasons for Buy Recommended –

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