Monday, September 30, 2024

Rationale report - 30.09.2024


Recommended stocks on – 30.09.2024

  (1) ACC LTD -

Ø Buy price : 2505

Ø Strong Support : 2460

Ø Resistance price : 2533 - 2540

Reasons for Buy Recommended –

ACC Limited is a prominent player in India's cement industry.

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

Friday, September 27, 2024

Rationale report - 27.09.2024


Recommended stocks on – 25.09.2024

   (1)  BALKRISHNA IND. ( CE 3100 OCT 24 ) -

Ø Buy price : 80

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

Thursday, September 26, 2024

Rationale report - 26.09.2024


 Recommended stocks on – 25.09.2024

  (1) ICICI BANK -

Ø Buy price : 1316

Ø Strong Support : 1288

Ø Resistance price : 1333 - 1340

Reasons for Buy Recommended –

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


Wednesday, September 25, 2024

Rationale report - 25.09.2024


Recommended stocks on – 18.09.2024

    TATA CHEMICALS -

Ø Buy price : 1030

Ø Strong Support : 1020

Ø Resistance price : 1047 -1055 - 1064

Reasons for Buy Recommended –

Tata Chemicals is well-positioned for long-term growth due to its diversified portfolio, expansion into green chemistry, and stable financials.

Rising demand for specialty chemicals in batteries, agriculture, and healthcare could boost revenue.

A bullish crossover is forming, indicating potential upward momentum.

 

Tuesday, September 24, 2024

Rationale report - 24.09.2024


Recommended stocks on – 18.09.2024

    TATA CHEMICALS -

Ø Buy price : 1030

Ø Strong Support : 1020

Ø Resistance price : 1047 -1055 - 1064

Reasons for Buy Recommended –

Tata Chemicals is well-positioned for long-term growth due to its diversified portfolio, expansion into green chemistry, and stable financials.

A bullish crossover is forming, indicating potential upward momentum.

Monday, September 23, 2024

Rationale report - 23.09.2024


 Recommended stocks on – 20.09.2024

    ACC LTD -

Ø Buy price : 2440

Ø Strong Support : 2380

Ø Resistance price : 2474 - 2488

Reasons for Buy Recommended –

ACC Limited is a prominent player in India's cement industry.

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

Friday, September 20, 2024

Rationale report - 20.09.2024


Recommended stocks on – 18.09.2024

(1)         GODREJ CP -

Ø Buy price : 1440

Ø Strong Support : 1393

Ø Resistance price : 1464 - 1470

Reasons for Buy Recommended –

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


Thursday, September 19, 2024

Rationale report - 19.09.2024

 

Recommended stocks on – 18.09.2024

  (1) ACC LTD -

Ø Buy price : 2460

Ø Strong Support : 2430

Ø Resistance price : 2488 -2508

Reasons for Buy Recommended –

ACC Limited is a prominent player in India's cement industry.

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.

Wednesday, September 18, 2024

Rationale report - 18.09.2024


Recommended stocks on – 18.09.2024

  (1) ACC LTD -

Ø Buy price : 2460

Ø Strong Support : 2430

Ø Resistance price : 2488 -2508

Reasons for Buy Recommended –

ACC Limited is a prominent player in India's cement industry.

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.

Tuesday, September 17, 2024

Rationale report - 17.09.2024


Recommended stocks on – 17.09.2024

    BALKRISHNA IND. -

Ø Buy price : 3063

Ø Strong Support : 3017

Ø Resistance price : 3093 - 3103

Reasons for Buy Recommended –

Balkrishna Industries is a leader in the niche tyre segment for heavy machinery used in mining and agriculture.

The stock is consolidating, with lower volatility. A breakout from this range could trigger short-term price action.

Balkrishna Industries could be a good short-term buy.

Monday, September 16, 2024

Rationale report - 16.09.2024


 
Recommended stocks on – 16.09.2024

    AURO PHARMA -

Ø Buy price : 1570

Ø Strong Support : 1533

Ø Resistance price : 1588 – 1594 - 1606

Reasons for Buy Recommended –

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

Friday, September 13, 2024

Rationale report - 13.09.2024


Recommended stocks on – 13.09.2024

  (1)  TATA CHEMICALS -

Ø Buy price : 1050

Ø Strong Support : 1023

Ø Resistance price : 1064 - 1075

Reasons for Buy Recommended –

Tata Chemicals is well-positioned for long-term growth due to its diversified portfolio, expansion into green chemistry, and stable financials.

Rising demand for specialty chemicals in batteries, agriculture, and healthcare could boost revenue.

A bullish crossover is forming, indicating potential upward momentum.

Thursday, September 12, 2024

Rationale report - 12.09.2024


Recommended stocks on – 12.09.2024

  (1) INDUSIND BANK -

Ø Buy price : 1430

Ø Strong Support : 1388

Ø Resistance price : 1448 -1460

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.


Wednesday, September 11, 2024

Rationale report - 11.09.2024


 Recommended stocks on – 11.09.2024

  (1) INFOSYS -

Ø Buy price : 1915

Ø Strong Support : 1880

Ø Resistance price : 1929 – 1934 - 1940

Reasons for Buy Recommended –

Strong revenue and profit growth in the last quarter boost confidence in near-term performance.

MACD (Moving Average Convergence Divergence):

Shows a bullish crossover, suggesting potential upward movement.

The company maintains a strong balance sheet with consistent revenue growth and profitability.

Tuesday, September 10, 2024

Rationale report - 10.09.2024


 Recommended stocks on – 06.09.2024

  (1)  BALKRISHNA IND. -

Ø Buy price : 2960

Ø Strong Support : 2880

Ø Resistance price : 2990 – 3003 – 3013 - 3020

Reasons for Buy Recommended –

Balkrishna Industries is a leader in the niche tyre segment for heavy machinery used in mining and agriculture.

The stock is consolidating, with lower volatility. A breakout from this range could trigger short-term price action.

Balkrishna Industries could be a good short-term buy.

Monday, September 9, 2024

Rationale report - 09.09.2024


Recommended stocks on – 06.09.2024

  (1)  BALKRISHNA IND. -

Ø Buy price : 2960

Ø Strong Support : 2880

Ø Resistance price : 2990 – 3003 – 3013 - 3020

Reasons for Buy Recommended –

Balkrishna Industries is a leader in the niche tyre segment for heavy machinery used in mining and agriculture.

The stock is consolidating, with lower volatility. A breakout from this range could trigger short-term price action.

Balkrishna Industries could be a good short-term buy.

Friday, September 6, 2024

Rationale report - 06.09.2024


Recommended stocks on – 06.09.2024

  (1)  BALKRISHNA IND. -

Ø Buy price : 2960

Ø Strong Support : 2880

Ø Resistance price : 2990 – 3003 – 3013 - 3020

Reasons for Buy Recommended –

Balkrishna Industries is a leader in the niche tyre segment for heavy machinery used in mining and agriculture.

The stock is consolidating, with lower volatility. A breakout from this range could trigger short-term price action.

Balkrishna Industries could be a good short-term buy.

Thursday, September 5, 2024

Rationale report - 05.09.2024


Recommended stocks on – 04.09.2024

  (1)  BALKRISHNA IND. -

Ø Buy price : 2930

Ø Strong Support : 2860

Ø Resistance price : 2978 - 2993

Reasons for Buy Recommended –

Balkrishna Industries is a leader in the niche tyre segment for heavy machinery used in mining and agriculture.

The stock is consolidating, with lower volatility. A breakout from this range could trigger short-term price action.

Balkrishna Industries could be a good short-term buy.

Wednesday, September 4, 2024

Rationale report - 04.09.2024


Recommended stocks on – 04.09.2024

  (1)  BALKRISHNA IND. -

Ø Buy price : 2930

Ø Strong Support : 2860

Ø Resistance price : 2973 - 2993

Reasons for Buy Recommended –

Balkrishna Industries is a leader in the niche tyre segment for heavy machinery used in mining and agriculture.

The stock is consolidating, with lower volatility. A breakout from this range could trigger short-term price action.

Balkrishna Industries could be a good short-term buy.


Monday, September 2, 2024

Rationale report - 02.09.2024


Recommended stocks on – 29.08.2024

  (1)  KOTAK BANK -

Ø Buy price : 1777

Ø Strong Support : 1750

Ø Resistance price : 1808 – 1824 – 1833 -1840

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.