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.
Recommended stocks on – 20.08.2024
(2) ACC LTD -
Ø Buy price : 2360 & 2330
Ø Strong Support : 2270
Ø Resistance price : 2363 - 2383 - 2390 - 2404
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 – 19.08.2024
(3) CIPLA LTD -
Ø Buy price : 1580 & 1560
Ø Strong Support : 1550
Ø Resistance price : 1597 - 1606
Reasons for Buy Recommended –
Considering Cipla's robust financial performance and favorable assessments, the stock exhibits a bullish trend.
Cipla Limited has demonstrated a positive outlook, supported by recent financial performance evaluations.
Recommended stocks on – 19.08.2024
(4) ICICI BANK -
Ø Buy price : 1180
Ø Strong Support : 1088
Ø Resistance price : 1208 – 1220 – 1233 - 1240
Reasons for Buy Recommended –
Chart signals a bullish trend, it suggests the
potential for an upward movement in the short term.
Recommended stocks on – 19.08.2024
(5) 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.
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