Tuesday, August 13, 2024

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.

Recommended stocks on – 31.07.2024

  (2) 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.

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