Thursday, May 11, 2023

Rationale report – 11.05.2023

Recommended stocks on – 10.05.2023

(1)         ADANI ENT. -

Ø Buy price : 1909

Ø Strong Support : 1870

Ø Resistance price : 2238 – 2244 - 2250

Reasons for Buy Recommended –

While the company's strategic investments and expansions indicate potential for future growth, the recent significant decline in quarterly profits and stock volatility suggest a cautious approach.

While certain oscillators suggest short-term bullish, the prevailing trend and majority of technical indicators point towards a bullish outlook.

Recommended stocks on – 04.05.2023

(2)         ACC -

Ø Buy price : 1757

Ø Strong Support : 1717

Ø Resistance price : 1777 – 1788 – 1794 - 1800

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

 

No comments:

Post a Comment