Monday, December 2, 2024

Rationale report - 02.12.2024

 

Recommended stocks on – 02.12.2024

(1) ADANI PORTS -

Ø Buy price : 1200

Ø Strong Support : 1150

Ø Resistance price : 1222 - 1230

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.


Recommended stocks on – 02.12.2024

(2) JSW STEEL -

Ø Buy price : 970

Ø Strong Support :944

Ø Resistance price : 993 -1003

Reasons for Buy Recommended –

JSW Steel has shown strong performance, approaching its 52-week high, which indicates positive momentum in the short term.

Consistent revenue growth over the past few years driven by robust domestic demand.

Expansion in international markets is aiding topline growth.


Recommended stocks on – 02.12.2024

(3) TATA MOTORS  -

Ø Buy price : 788

Ø Strong Support : 760

Ø Resistance price : 803 - 813

Reasons for Buy Recommended –

Auto index has shown strength, with Tata Motors' stock rising approximately 2.5% in recent sessions.

Tata Motors is making significant strides in the EV segment, which could position the company favorably in the evolving automotive landscape.

 



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