Rationale report - 08.07.2024

Recommended stocks on – 08.07.2024

  (1)  BALKRISHNA IND. -

Ø Buy price : 3130

Ø Strong Support : 3113

Ø Resistance price : 3173 – 3188 – 3203 - 3220

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 – 05.07.2024

  (2)  INFOSYS -

Ø Buy price : 1650

Ø Strong Support : 1620

Ø Resistance price : 1666 – 1674 - 1680

Reasons for Buy Recommended –

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

Recommended stocks on – 03.07.2024

 (3)  GODREJ CP -

Ø Buy price : 1370

Ø Strong Support : 1317

Ø Resistance price : 1388 – 1397 - 1404

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.