Tuesday, April 29, 2025

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.



 

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