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.

Recommended stocks on – 05.08.2024

  (2)  NIFTY FO -

Ø Buy price : 24040

Ø Strong Support : 23808

Ø Resistance price : 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.

Recommended stocks on – 05.08.2024

  (3)  ACC LTD -

Ø Buy price : 2380

Ø Strong Support : 2360

Ø Resistance price : 2408 - 2420

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 25.07.2024

  (4)  GODREJ CP -

Ø Buy price : 1470

Ø Strong Support : 1417

Ø Resistance price : 1494 - 1508

Reasons for Buy Recommended –

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