Rationale report - 18.09.2024

Recommended stocks on – 18.09.2024

  (1) ACC LTD -

Ø Buy price : 2460

Ø Strong Support : 2430

Ø Resistance price : 2488 -2508

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 – 17.09.2024

  (2)   BALKRISHNA IND. -

Ø Buy price : 3063

Ø Strong Support : 3017

Ø Resistance price : 3093 - 3103

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 – 17.09.2024

  (3) ACC LTD -

Ø Buy price : 2500

Ø Strong Support : 2455

Ø Resistance price : 2533 - 2540

Reasons for Buy Recommended –

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

Recommended stocks on – 16.09.2024

  (4)   BALKRISHNA IND. -

Ø Buy price : 3063

Ø Strong Support : 3017

Ø Resistance price : 3097 - 3108

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 – 19.08.2024

  (5) ICICI BANK ( CE 1200 SEP – 24)  -

Ø Buy price : 24

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

Recommended stocks on – 29.07.2024

  (6) INDUSIND BANK -

Ø Buy price : 1488

Ø Strong Support : 1373

Ø Resistance price : 1467 -1474 – 1490 - 1500

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.