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.

Recommended stocks on – 04.09.2024

  (2)  BALKRISHNA IND. -

Ø Buy price : 2930

Ø Strong Support : 2860

Ø Resistance price : 2978 - 2993

Reasons for Buy Recommended –

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

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