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.

Recommended stocks on – 11.06.2024

  (2)  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

 (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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