Tuesday, August 27, 2024

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.

Recommended stocks on – 19.08.2024

(2) 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

(2) ICICI BANK ( CE 1200 SEP 24 )-

Ø Buy price : 24

short-term outlook appears bullish.

 Recommended stocks on – 19.08.2024

(4) CIPLA -

Ø Buy price : 1580 & 1560

Ø Strong Support : 1550

Ø Resistance price : 1597 - 1606

Reasons for Buy Recommended –

Cipla has strong fundamentals and positive sentiment.

MACD (Moving Average Convergence Divergence): A bullish crossover suggests potential for upward.

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