Friday, June 28, 2024

Rationale report - 28.06.2024


Recommended stocks on – 27.06.2024

 (1)  GODREJ CP -

Ø Buy price : 1366

Ø Resistance price : 1383 – 1390 – 1404

  Reasons for Buy Recommended –

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 – 27.06.2024

  (2)  RAMCO CEMENT -

Ø Buy price : 838

Ø Resistance price : 854 – 860 – 874 - 888 – 894 - 900

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 – 24.06.2024

  (1)  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.

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