Monday, June 26, 2023

Rationale report – 26.06.2023


Recommended stocks on – 26.06.2023

(1)         ACC -

Ø Buy price : 1757

Ø Strong Support : 1717

Ø Resistance price : 1777 – 1784 – 1794 - 1800

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

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.

Recommended stocks on – 26.06.2023

(2)         HAVELLS -

Ø Buy price : 1280

Ø Strong Support : 1250

Ø Resistance price : 1293 - 1303

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 22.06.2023

(3)         M & M -

Ø Buy price : 1380

Ø Strong Support : 1360

Ø Resistance price : 1397 - 1404

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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