Tuesday, February 14, 2023

Rationale report – 25.01.2023


Recommended stocks on – 25.01.2023

(1)         ACC -

Ø Buy price : 2270

Ø Strong Support : 2233

Ø Resistance price : 2288 – 2298 - 2308

Reasons for Buy Recommended –

The stock is showing short-term bullish momentum.

The MACD line is slightly above the signal line, indicating a potential bullish trend.

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth. With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

 Recommended stocks on – 24.01.2023

(2)         NIFTY -

Ø Buy price : 18202

Ø Strong Support : 18303

Ø Resistance price : 18133 – 18108 - 18088

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.

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