Thursday, October 31, 2024

Rationale report - 31.10.2024


Recommended stocks on – 21.10.2024

   CIPLA LTD -

Ø Buy price : 1540 & 1520

Ø Strong Support : 1508

Ø Resistance price : 1563 -1570

Reasons for Buy Recommended – 

The MACD  (Moving Average Convergence Divergence) line is near a potential crossover, which could indicate bullish momentum.

Positive earnings surprises often lead to short-term price gains.

The stock is slightly below its 50-day EMA, suggesting caution, but a breakout above this level could confirm a short-term rally.

Wednesday, October 30, 2024

Rationale report - 30.10.2024


Recommended stocks on – 17.10.2024

  (1) ACC LTD -

Ø Buy price : 2308 & 2280

Ø Strong Support : 2270

Ø Resistance price : 2333 - 2340

Reasons for Buy Recommended –

Tuesday, October 29, 2024

Rationale report - 29.10.2024


Recommended stocks on – 29.10.2024

  (1) BALKRISHNA IND. -

Ø Buy price : 2870

Ø Strong Support : 2860

Ø Resistance price : 2937 - 2950

Reasons for Buy Recommended –

Balkrishna Industries could be a good short-term buy.

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.

Monday, October 28, 2024

Rationale report - 28.10.2024


 Recommended stocks on – 25.10.2024

     BALKRISHNA IND. -

Ø Buy price : 2900 & 2870

Ø Strong Support : 2860

Ø Resistance price : 2934 - 2950

Reasons for Buy Recommended –

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.

Balkrishna Industries is a leader in the niche tyre segment for heavy machinery used in mining and agriculture.



Friday, October 25, 2024

Rationale report - 25.10.2024


Recommended stocks on – 25.10.2024

     BALKRISHNA IND. -

Ø Buy price : 2870

Ø Strong Support : 2860

Ø Resistance price : 2934 - 2950

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.

Tuesday, October 22, 2024

Rationale report - 22.10.2024


Recommended stocks on – 21.10.2024

  (1)  KOTAK MAHINDRA BANK -

Ø Buy price : 1773 & 1750

Ø Strong Support : 1744

Ø Resistance price : 1793 -1800

Reasons for Buy Recommended –

A potential bullish crossover is forming, indicating short-term upward momentum.

The banking sector has shown resilience, and Kotak Mahindra Bank's strong retail and corporate loan book positions it well for short-term gains.

Monday, October 21, 2024

Rationale report - 21.10.2024


Recommended stocks on – 21.10.2024

  (1)  KOTAK MAHINDRA BANK -

Ø Buy price : 1773 & 1750

Ø Strong Support : 1744

Ø Resistance price : 1793 -1800

Reasons for Buy Recommended –

A potential bullish crossover is forming, indicating short-term upward momentum.

The banking sector has shown resilience, and Kotak Mahindra Bank's strong retail and corporate loan book positions it well for short-term gains.

Friday, October 18, 2024

Rationale report - 18.10.2024



Recommended stocks on – 17.10.2024

  (1) ACC LTD -

Ø Buy price : 2280

Ø Strong Support : 2270

Ø Resistance price : 2333 - 2340

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 – 17.10.2024

(2) CIPLA LTD -

Ø Buy price : 1550

Ø Strong Support : 1544

Ø Resistance price : 1588 - 1600

Reasons for Buy Recommended –

The MACD  (Moving Average Convergence Divergence) line is near a potential crossover, which could indicate bullish momentum.

Positive earnings surprises often lead to short-term price gains.

The stock is slightly below its 50-day EMA, suggesting caution, but a breakout above this level could confirm a short-term rally.

Recommended stocks on – 17.10.2024

  (3) AURO. PHARMA -

Ø Buy price : 1460

Ø Strong Support : 1450

Ø Resistance price : 1503 – 1513 - 1520

Reasons for Buy Recommended –

Aurobindo Pharma has a strong track record of earnings growth.

Its focus on expanding in the U.S. generics market and increasing its Active Pharmaceutical Ingredients (API) business offers growth potential.

MACD shows signs of stabilization, with a possibility of a bullish crossover.

The global push for generics and increasing healthcare demand favor companies like Aurobindo Pharma.


Thursday, October 17, 2024

Rationale report - 17.10.2024



 Recommended stocks on – 17.10.2024

    CIPLA LTD -

Ø Buy price : 1570

Ø Strong Support : 1544

Ø Resistance price : 1588 - 1600

Reasons for Buy Recommended –

The MACD  (Moving Average Convergence Divergence) line is near a potential crossover, which could indicate bullish momentum.

Positive earnings surprises often lead to short-term price gains.

The stock is slightly below its 50-day EMA, suggesting caution, but a breakout above this level could confirm a short-term rally.








Wednesday, October 16, 2024

Rationale report - 16.10.2024


Recommended stocks on – 15.10.2024

  (1) ACC LTD -

Ø Buy price : 2300

Ø Strong Support : 2280

Ø Resistance price : 2348 - 2360

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.

Tuesday, October 15, 2024

Rationale report - 15.10.2024



 Recommended stocks on – 11.11.2024

     GODREJ CP. -

Ø Buy price : 1338

Ø Strong Support : 1290

Ø Resistance price : 1353 – 1364 - 1370

Reasons for Buy Recommended –

The stock recently saw a bullish crossover, with its 50-day Exponential Moving Average (EMA) moving above the stock price, suggesting positive momentum in the short term.

As of the latest data, the stock seems to be hovering near a key support level, and a continued upward trend is possible if it holds above that range.

Friday, October 11, 2024

Rationale report - 11.10.2024


Recommended stocks on – 11.10.2024

  (1) ACC LTD -

Ø Buy price : 2303

Ø Strong Support : 2288

Ø Resistance price : 2374

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 – 11.10.2024

  (2)  AURO. PHARMA -

Ø Buy price : 1480

Ø Strong Support : 1470

Ø Resistance price : 1508

Reasons for Buy Recommended –

Aurobindo Pharma has a strong track record of earnings growth.

Its focus on expanding in the U.S. generics market and increasing its Active Pharmaceutical Ingredients (API) business offers growth potential.

MACD shows signs of stabilization, with a possibility of a bullish crossover.

The global push for generics and increasing healthcare demand favor companies like Aurobindo Pharma.



Wednesday, October 9, 2024

Rationale report - 09.10.2024



Recommended stocks on – 09.10.2024

    AURO. PHARMA -

Ø Buy price : 1470

Ø Strong Support : 1440

Ø Resistance price : 1488 – 1494 - 1508 - 1520

Reasons for Buy Recommended –

Aurobindo Pharma has a strong track record of earnings growth.

Its focus on expanding in the U.S. generics market and increasing its Active Pharmaceutical Ingredients (API) business offers growth potential.

MACD shows signs of stabilization, with a possibility of a bullish crossover.

The global push for generics and increasing healthcare demand favor companies like Aurobindo Pharma.

Tuesday, October 8, 2024

Rationale report - 08.10.2024



 Recommended stocks on – 25.09.2024

    AURO. PHARMA -

Ø Buy price : 1470

Ø Strong Support : 1440

Ø Resistance price : 1488 – 1494 - 1508

Reasons for Buy Recommended –

Aurobindo Pharma has a strong track record of earnings growth.

Its focus on expanding in the U.S. generics market and increasing its Active Pharmaceutical Ingredients (API) business offers growth potential.

MACD shows signs of stabilization, with a possibility of a bullish crossover.

The global push for generics and increasing healthcare demand favor companies like Aurobindo Pharma.

Friday, October 4, 2024

Rationale report - 04.10.2024



 Recommended stocks on – 25.09.2024

    GUJARAT GAS -

Ø Buy price : 600

Ø Strong Support : 593

Ø Resistance price : 627 - 633

Reasons for Buy Recommended –

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



Tuesday, October 1, 2024

Rationale report - 01.10.2024


Recommended stocks on – 01.10.2024

  (1) GODREJ CP. -

Ø Buy price : 1388

Ø Strong Support : 1350

Ø Resistance price : 1408 – 1414 - 1420

Reasons for Buy Recommended –

The stock recently saw a bullish crossover, with its 50-day Exponential Moving Average (EMA) moving above the stock price, suggesting positive momentum in the short term.

As of the latest data, the stock seems to be hovering near a key support level, and a continued upward trend is possible if it holds above that range.