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.

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 –

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

 

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 –

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

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