Rationale report - 26.06.2024

Recommended stocks on – 27.06.2024

  (1)  RAMCO CEMENT -

Ø Buy price : 848

Ø Strong Support : 818

Ø Resistance price : 860 – 870

Reasons for Buy Recommended –

The short-term outlook for The Ramco Cements Ltd. appears

 Bullis.

 The long-term prospects for The Ramco Cements Ltd. remain positive, current technical indicators suggest a  bullish trend in the short term.

Recommended stocks on – 26.06.2024

 (2)  GUJARAT GAS -

Ø Buy price : 610

Ø Strong Support : 590

Ø Resistance price : 623 - 630

  Reasons for Buy Recommended –

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

Recommended stocks on – 24.06.2024

 (3)  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

  (4)  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

 (5)  GODREJ CP -

Ø Buy price : 1373 & 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 – 11.06.2024

  (6)  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.