Thursday, December 5, 2024

Rationale report - 05.12.2024


Recommended  stocks on – 04 .12.2024

  (1) MAHANAGAR GAS  -

Ø Buy price : 1277 & 1260

Ø Strong Support : 1230

Ø Resistance price : 1288 - 1294 - 1303

   Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Recommended  stocks on – 04 .12.2024

  (2) TATA CONSUMER  -

Ø Buy price : 963

Ø Strong Support : 930

Ø Resistance price : 983

   Reasons for Buy Recommended –

A diversified portfolio across beverages, foods, and wellness products provides stability.

The company is expanding its international presence and has been actively launching premium products.

FMCG is a defensive sector, performing well even during economic downturns, which adds stability to investments.

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