Rationale report - 30.08.2024

Recommended stocks on – 29.08.2024

     KOTAK BANK -

Ø Buy price : 1777

Ø Strong Support : 1750

Ø Resistance price : 1808 – 1824 – 1833 -1840

Reasons for Buy Recommended –

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

Rationale report - 29.08.2024

Recommended stocks on – 27.08.2024

(1) GUJARAT GAS -

Ø Buy price : 600

Ø Strong Support : 560

Ø Resistance price : 618 -624 -630

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.

Rationale report - 27.08.2024

 Recommended stocks on – 26.08.2024

  (1)  ACC LTD -

Ø Buy price : 2330

Ø Strong Support : 2270

Ø Resistance price : 2357 - 2370 - 2383 - 2390

Reasons for Buy Recommended –

ACC anticipates improved demand in the second half of FY25, driven by post-monsoon construction and housing activities.

While ACC demonstrates resilience with revenue growth and an optimistic demand outlook.

Rationale report - 26.08.2024

 

Recommended stocks on – 26.08.2024

  (1)  ACC LTD -

Ø Buy price : 2330

Ø Strong Support : 2270

Ø Resistance price : 2357 - 2370 - 2383 - 2390

Reasons for Buy Recommended –

ACC anticipates improved demand in the second half of FY25, driven by post-monsoon construction and housing activities.

While ACC demonstrates resilience with revenue growth and an optimistic demand outlook.

Rationale report - 22.08.2024

Recommended stocks on – 21.08.2024

(1) GUJARAT GAS -

Ø Buy price : 576

Ø Strong Support : 540

Ø Resistance price : 593 - 603

Reasons for Buy Recommended –

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

Rationale report - 21.08.2024

 Recommended stocks on – 20.08.2024

  (1)  ACC LTD -

Ø Buy price : 2330

Ø Strong Support : 2270

Ø Resistance price : 2363 - 2383 - 2390 - 2404

Reasons for Buy Recommended –

Rationale report - 20.08.2024

 Recommended stocks on – 19.08.2024

   INDUSIND BANK -

Ø Buy price : 1350

Ø Strong Support : 1323

Ø Resistance price : 1367 – 1373 – 1380 – 1393 - 1400

Reasons for Buy Recommended –

The bank continues to invest in digital banking, which could drive operational efficiency and customer acquisition in the long term.

The stock is currently trading at an attractive valuation, with a Price-to-Book ratio lower than some of its peers, making it appealing for  investors.

Rationale report - 19.08.2024

 Recommended stocks on – 13.08.2024

  (1) KOTAK BANK -

Ø Buy price : 1750

Ø Strong Support : 1700

Ø Resistance price : 1774 -1783 - 1790

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Rationale report - 13.08.2024

Recommended stocks on – 29.07.2024

  (1) INDUSIND BANK -

Ø Buy price : 1350

Ø Strong Support : 1323

Ø Resistance price : 1367 – 1373 – 1380

Reasons for Buy Recommended –

The bank continues to invest in digital banking, which could drive operational efficiency and customer acquisition in the long term.

The stock is currently trading at an attractive valuation, with a Price-to-Book ratio lower than some of its peers, making it appealing for  investors.

Rationale report - 12.08.2024

 Recommended stocks on – 31.07.2024

    AXIS BANK -

Ø Buy price : 1170 & 1150

Ø Strong Support : 1140

Ø Resistance price : 1188 - 1203

Reasons for Buy Recommended –

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

Rationale report - 07.08.2024

Recommended stocks on – 07.08.2024

  (1)  GODREJ PROP. -

Ø Buy price : 2960

Ø Strong Support : 2919

Ø Resistance price : 2988 – 2994 – 3003 - 3017

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Rationale report - 06.08.2024

 Recommended stocks on – 05.08.2024

  (1)  NIFTY FO -

Ø Buy price : 24004

Ø Strong Support : 23770

Ø Resistance price : 24088 - 24108 -24188 – 24202 - 24240

Reasons for Buy Recommended –

Chart signals a bullish trend, it suggests the potential for an upward movement in the short term.

Rationale report - 05.08.2024

 Recommended stocks on – 05.08.2024

  (1)  NIFTY FO -

Ø Buy price : 24004

Ø Strong Support : 23770

Ø Resistance price : 24088 - 24108 -24188 – 24202 - 24240

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Rationale report - 02.08.2024

Recommended stocks on – 29.07.2024

  (1)  INDUSIND BANK -

Ø Buy price : 1404

Ø Strong Support : 1373

Ø Resistance price : 1467 – 1474 – 1490 - 1500

Reasons for Buy Recommended –

IndusInd Bank's short-term outlook appears bullish.

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

Rationale report - 01.08.2024

 Recommended stocks on – 01.08.2024

  (1)  ACC LTD -

Ø Buy price : 2500

Ø Strong Support : 2490

Ø Resistance price : 2525 – 2540 – 2550 - 2578

Reasons for Buy Recommended –

The short-term outlook for ACC Ltd. appears bullish.

ACC anticipates improved demand in the second half of FY25, driven by post-monsoon construction and housing activities.

While ACC demonstrates resilience with revenue growth and an optimistic demand outlook.

Rationale report - 31.07.2024

Recommended stocks on – 31.07.2024

  (1)  ACC LTD -

Ø Buy price : 2606

Ø Strong Support : 2550

Ø Resistance price : 2633 - 2640

Reasons for Buy Recommended –

The short-term outlook for ACC Ltd. appears bullish.

ACC anticipates improved demand in the second half of FY25, driven by post-monsoon construction and housing activities.

While ACC demonstrates resilience with revenue growth and an optimistic demand outlook.