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.

Recommended stocks on – 25.09.2024

   (2)  BALKRISHNA IND. ( CE 3100 OCT 24 ) -

Ø Buy price : 80

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

 Recommended stocks on – 04.09.2024

  (3) RADHIKA JWELLERS -

Ø Buy price : 107

Ø Strong Support : 70

Ø Resistance price : 128 – 140 – 155 - 170

Reasons for Buy Recommended –

The company has demonstrated a profit growth of 48.8% CAGR over the last five years, highlighting its expansion capabilities.

Over the past six months, the share price has increased by approximately 76.88%, indicating strong momentum.

 

No comments:

Post a Comment