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 – 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 – 19.08.2024
(4) ICICI BANK ( CE 1200 SEP – 24) -
Ø Buy price : 24
A breakout above this level could signal a more
significant bullish move.
Recommended stocks on – 29.07.2024
(5) INDUSIND BANK -
Ø Buy price : 1444
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.
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