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.

Recommended stocks on – 12.09.2024

  (2) 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

  (3) 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 – 02.09.2024

  (4)  AURO PHARMA -

Ø Buy price : 1570

Ø Strong Support : 1520

Ø Resistance price : 1588 – 1594 - 1606

Reasons for Buy Recommended –

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

Recommended stocks on – 29.08.2024

  (5)  KOTAK BANK -

Ø Buy price : 1777

Ø Strong Support : 1750

Ø Resistance price : 1808 – 1824 – 1833 -1840

Reasons for Buy Recommended –

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 –

Recommended stocks on – 29.07.2024

  (7) INDUSIND BANK -

Ø Buy price : 1444

Ø Strong Support : 1373

Ø Resistance price : 1467 - 1474

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.