Wednesday, April 12, 2023

Rationale report – 12.04.2023


(1)         INDIGO -

Ø Buy price : 1875

Ø Strong Support : 1844

Ø Resistance price : 1893 - 1903

Reasons for Buy Recommended –

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

(2)         BALKRISHNA IND. -

Ø Buy price : 2002

Ø Strong Support : 1970

Ø Resistance price : 2023 - 2030

Reasons for Buy Recommended –

The stock remains reasonably valued, offering an attractive opportunity for long-term investors. view as a long-term "Buy" due to its strong fundamentals and growth potential across sectors.

(3)         ACC -

Ø Buy price : 1744

Ø Strong Support : 1717

Ø Resistance price : 1764 – 1770 - 1777

Reasons for Buy Recommended –

The stock is showing short-term bullish momentum.

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.

(4)         CIPLA -

Ø Buy price : 909

Ø Strong Support : 870

Ø Resistance price : 919 – 924 - 930

Reasons for Buy Recommended –

Cipla's strong fundamentals and strategic position in the pharmaceutical industry make it a viable option for  investment.


 

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