Rationale Report - 29.04.2025

Recommended stocks on – 24.04.2025

( 1 )  BALKRISHNA IND.-

·       Closed price : 2580

·       Strong Support : 2508

·       Resistance price : 2603 - 2620

Reasons for Buy Recommended – Balkrishna Industries Ltd exhibits a bullish technical outlook, with short-term bullish indicators and potential for long-term growth.

Moving Averages: Both simple and exponential moving averages across various periods (20, 50, 100, and 200 days) suggest a 'Strong Buy' signal. Overall, the technical indicators present a positive outlook for Balkrishna Industries Ltd, with moving averages suggesting a strong buy.

 

Rationale Report - 25.04.2025

Recommended stocks on – 24.04.2025

( 1 )  BALKRISHNA IND.-

·       Closed price : 2580

·       Strong Support : 2508

·       Resistance price : 2603 - 2620

Reasons for Buy Recommended – Balkrishna Industries Ltd exhibits a bullish technical outlook, with short-term bullish indicators and potential for long-term growth.

Moving Averages: Both simple and exponential moving averages across various periods (20, 50, 100, and 200 days) suggest a 'Strong Buy' signal. Overall, the technical indicators present a positive outlook for Balkrishna Industries Ltd, with moving averages suggesting a strong buy.

Recommended stocks on – 24.04.2025

( 2 )  TATA CHEMICALS -

·       Closed price : 858

·       Strong Support : 830

·       Resistance price : 874 - 880

Reasons for Buy Recommended – Tata Chemicals Ltd exhibits a neutral to bullish technical outlook.

Relative Strength Index (RSI): The 14-day RSI stands at 47.99, suggesting a neutral momentum without clear overbought or oversold conditions.

The stock is trading below its 50-day and 200-day Simple Moving Averages (SMA), indicating a bullish trend.

Moving Averages: Both simple and exponential moving averages across various periods (20, 50, 100, and 200 days) suggest a 'Strong Buy' signal.

Average Directional Index (ADX): The ADX value is 35.36, suggesting a strong trend.

Overall, the technical indicators present a positive outlook for Tata Chemicals Ltd., with moving averages suggesting a strong buy. 

Rationale Report - 24.04.2025

 

Recommended stocks on – 24.04.2025

( 1 )  TATA CHEMICALS -

·       Closed price : 858

·       Strong Support : 830

·       Resistance price : 874 - 880

Reasons for Buy Recommended – Tata Chemicals Ltd exhibits a neutral to bullish technical outlook.

Relative Strength Index (RSI): The 14-day RSI stands at 47.99, suggesting a neutral momentum without clear overbought or oversold conditions.

The stock is trading below its 50-day and 200-day Simple Moving Averages (SMA), indicating a bullish trend.

Moving Averages: Both simple and exponential moving averages across various periods (20, 50, 100, and 200 days) suggest a 'Strong Buy' signal.

Average Directional Index (ADX): The ADX value is 35.36, suggesting a strong trend.

Overall, the technical indicators present a positive outlook for Tata Chemicals Ltd., with moving averages suggesting a strong buy.

Rationale Report - 16.04.2025

Recommended stocks on – 16.04.2025

( 1 )  ADANI PORTS -

·       Closed price : 1208

·       Strong Support : 1170

·       Resistance price : 1223 - 1230

Reasons for Buy Recommended – Technical outlook for Adani Ports and Special Economic Zone Ltd Average Directional Index (ADX 14): 27.09 – Suggests a strong trend.

MACD (12,26): 7.81 – Suggests a bullish crossover.These indicators collectively suggest a strong bullish trend.

Adani Ports is trading above all key Simple and Exponential Moving Averages (SMAs and EMAs), reinforcing a bullish trend :SMA 50: ₹1,922.23,SMA 100: ₹1,897.44,SMA 200: ₹1,876.44.

Adani Ports is currently exhibiting a strong bullish trend, trading above key moving averages and showing positive signals across multiple technical indicators.

 

Rationale Report - 09.04.2025

 

Recommended stocks on – 08.04.2025

( 1 )  ACC -

·       Closed price : 1960

·       Strong Support : 1920

·       Resistance price : 1984 – 1990 - 2002

Reasons for Buy Recommended – ACC Ltd 20-day Simple Moving Average (SMA): The stock is trading above its 20-day SMA of ₹1,885.84, indicating potential short-term bullishness.ACC Ltd. is exhibiting bullish signals across various technical indicators. The RSI suggests neutral momentum.

ACC Ltd. the moderate ADX value reflects a somewhat defined trend. Trading above the 20-day and 50-day SMAs points to potential short-term bullishness, but the position below the 200-day SMA indicates a bullish long-term trend.

Rationale Report - 08.04.2025

 

Recommended stocks on – 08.04.2025

( 1 )  ACC -

·       Closed price : 1960

·       Strong Support : 1920

·       Resistance price : 1984 – 1990 - 2002

Reasons for Buy Recommended – ACC Ltd 20-day Simple Moving Average (SMA): The stock is trading above its 20-day SMA of ₹1,885.84, indicating potential short-term bullishness.ACC Ltd. is exhibiting bullish signals across various technical indicators. The RSI suggests neutral momentum.

ACC Ltd. the moderate ADX value reflects a somewhat defined trend. Trading above the 20-day and 50-day SMAs points to potential short-term bullishness, but the position below the 200-day SMA indicates a bullish long-term trend.

Recommended stocks on – 08.04.2025

( 2 )  MAHANAGR GAS -

·       Closed price : 1297

·       Strong Support : 1270

·       Resistance price : 1316 - 1330

Reasons for Buy Recommended – Mahanagar Gas Ltd. is exhibiting bullish signals across various technical indicators. The RSI and CCI suggest neutral momentum, while the Stochastic RSI points to an uptrend.

The stock's position below the 50-day and 200-day SMAs suggests potential medium- to long-term bullishness. However, the proximity to the 20-day SMA indicates a neutral short-term positive trend.

Recommended stocks on – 04.04.2025

( 3 )  GODREJ CP. -

·     Buy price : 1160

·     Strong Support : 1130

·     Resistance price : 1178

Reasons for Buy Recommended –  Godrej Consumer Products Ltd.indicates a 'buy' signal. The stock is trading above its 5-day (₹1,135.78) and 15-day (₹1,098.70) Exponential Moving Averages (EMAs), suggesting a strong bullish trend.

The Relative Strength Index (RSI) is in the neutral range, indicating that the stock is neither overbought nor oversold. Additionally, the Moving Average Convergence Divergence (MACD) line is above the signal line, which is typically a bullish indicator.

 

Rationale Report - 07.04.2025

Recommended stocks on – 04.04.2025

( 1 )  GODREJ CP. -

·     Buy price : 1160

·     Strong Support : 1130

·     Resistance price : 1178

Reasons for Buy Recommended –  Godrej Consumer Products Ltd.indicates a 'buy' signal. The stock is trading above its 5-day (₹1,135.78) and 15-day (₹1,098.70) Exponential Moving Averages (EMAs), suggesting a strong bullish trend.

The Relative Strength Index (RSI) is in the neutral range, indicating that the stock is neither overbought nor oversold. Additionally, the Moving Average Convergence Divergence (MACD) line is above the signal line, which is typically a bullish indicator.

 

Rationale Report - 04.04.2025

Recommended stocks on – 04.04.2025

( 1 )  GODREJ CP. -

·     Buy price : 1140

·     Strong Support : 1130

·     Resistance price : 1178

Reasons for Buy Recommended – Godrej Consumer Products Ltd.indicates a 'buy' signal. The stock is trading above its 5-day (₹1,135.78) and 15-day (₹1,098.70) Exponential Moving Averages (EMAs), suggesting a strong bullish trend.

The Relative Strength Index (RSI) is in the neutral range, indicating that the stock is neither overbought nor oversold. Additionally, the Moving Average Convergence Divergence (MACD) line is above the signal line, which is typically a bullish indicator.