Saturday, April 15, 2023

Rationale report – 13.04.2023

(1)         INDIGO  -

Ø Buy price : 1875

Ø Strong Support : 1844

Ø Resistance price : 1893 -1903

Reasons for Buy Recommended –

Despite these market challenges, IndiGo's strategic expansion and strong market position suggest potential for long-term growth.

The stock has shown a bullish breakout from a  Handle pattern.

However, it's important to consider bullish market conditions.

(2)         INDUSIND BANK  -

Ø Buy price : 1078 & 1060

Ø Strong Support : 1044

Ø Resistance price : 1090 -1103

Reasons for Buy Recommended –

IndusInd Bank's short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for IndusInd Bank.

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