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.

Recommended stocks on – 09.09.2024

  (1) ACC  LTD -

Ø Buy price : 2400

Ø Strong Support : 2250

Ø Resistance price : 2424 - 2440 - 2453 - 2460

Reasons for Buy Recommended –

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


Recommended stocks on – 04.09.2024

  (3)  RADHIKA JWELLERS  -

Ø Buy price : 107

Ø Strong Support : 70

Ø Resistance price : 128 

Reasons for Buy Recommended –

Radhika jwellers long - term outlook appears bullish.

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