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.

Recommended stocks on – 11.10.2024

  (2) 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.

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