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.

Recommended stocks on – 24.06.2024

 (2)  INDUSIND BANK -

Ø Buy price : 1480

Ø Strong Support : 1390

Ø Resistance price : 1497 – 1508 -1523

  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 – 20.06.2024

 (3)  GODREJ CP -

Ø Buy price : 1344

Ø Strong Support : 1330

Ø Resistance price : 1394 -1404 -1414 -1420

  Reasons for Buy Recommended –

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


Recommended stocks on – 07.06.2024

 (4) JUBLFOOD -

Ø Buy price : 510

Ø Strong Support : 474

Ø Resistance price : 527 – 533 – 547 - 550

  Reasons for Buy Recommended –

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


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