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.

Recommended stocks on – 04.09.2024

  (2)  ACC LTD -

Ø Buy price : 2330

Ø Strong Support : 2260

Ø Resistance price : 2363 -  2370 - 2384 - 2390 - 2404

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.


Recommended stocks on – 04.09.2024

  (3) GODREJ CP.-

Ø Buy price : 1460

Ø Strong Support : 1424

Ø Resistance price : 1478 – 1484 – 1490 -1510

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.


Recommended stocks on – 02.09.2024

  (4)  ACC LTD -

Ø Buy price : 2340

Ø Strong Support : 2260

Ø Resistance price : 2373 - 2388 - 2390 – 2404 – 2424 - 2440

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.

Recommended stocks on – 27.06.2024

  (5)  RAMCO CEMENTS -

Ø Buy price : 808

Ø Resistance price : 824 – 835 – 848 - 863

Reasons for Buy Recommended –

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