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.

Recommended stocks on – 12.09.2024

  (2) STATE BANK OF INDIA -

Ø Buy price : 777

Ø Strong Support : 744

Ø Resistance price : 793 - 808

Reasons for Buy Recommended –

SBI has demonstrated resilience, outperforming competitors on strong trading days.

MACD  (Moving Average Convergence Divergence) Bullish crossover detected, indicating potential upward momentum.

Strong quarterly results with growth in net profit and reduced non-performing assets (NPAs) have boosted investor confidence.

Recommended stocks on – 11.09.2024

  (3) 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.

Recommended stocks on – 11.09.2024

  (4)  KOTAK BANK -

Ø Buy price : 1800

Ø Strong Support : 1760

Ø Resistance price : 1813 -1820

Reasons for Buy Recommended –

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

 

Recommended stocks on – 02.09.2024

  (5)  AURO PHARMA -

Ø Buy price : 1570

Ø Strong Support : 1520

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 .

Recommended stocks on – 29.08.2024

  (6)  KOTAK BANK -

Ø Buy price : 1777

Ø Strong Support : 1750

Ø Resistance price : 1808 – 1824 – 1833 -1840

Reasons for Buy Recommended –

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

Recommended stocks on – 27.08.2024

  (6)  KOTAK BANK -

Ø Buy price : 1808

Ø Strong Support : 1760

Ø Resistance price : 1824 – 1833 -1840

Reasons for Buy Recommended –

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