Monday, September 23, 2024

Rationale report - 23.09.2024


 Recommended stocks on – 20.09.2024

    ACC LTD -

Ø Buy price : 2440

Ø Strong Support : 2380

Ø Resistance price : 2474 - 2488

Reasons for Buy Recommended –

ACC Limited is a prominent player in India's cement industry.

While ACC demonstrates resilience with revenue growth and an optimistic demand outlook.

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 – 19.08.2024

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

Ø Buy price : 24

While technical indicators currently suggest a bullish trend.

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