Wednesday, June 26, 2024

Rationale report - 25.06.2024


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 – 24.06.2024

  (3)  STATE BANK OF INDIA -

Ø Buy price : 826

Ø Strong Support : 790

Ø Resistance price : 844 – 853 - 860

Reasons for Buy Recommended –

State Bank's short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for state Bank.

Recommended stocks on – 20.06.2024

 (4) BHARTI AIRTEL -

Ø Buy price : 1380

Ø Strong Support : 1353

Ø Resistance price : 1397 – 1409 – 1417 – 1424 - 1430

  Reasons for Buy Recommended –

Bharti airtel short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for Bharti airtel.

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