Wednesday, August 2, 2023

Rationale report – 02.08.2023


Recommended stocks on – 02.08.2023

(1)         ACC -

Ø Buy price : 2009

Ø Strong Support : 1970

Ø Resistance price : 2033 - 2040

Reasons for Buy Recommended –

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 – 07.08.2023

(2)         INDIGO  -

Ø Buy price : 2560

Ø Strong Support : 2517

Ø Resistance price : 2583 – 2590 - 2606

Reasons for Buy Recommended –

IndiGo is showing strong bullish momentum supported by record passenger demand, stable fuel costs, and technical strength.

Recommended stocks on – 07.08.2023

(3)         GODREJ CP.  -

Ø Buy price : 1707

Ø Strong Support : 1680

Ø Resistance price : 1724 -1730 – 1744 - 1760

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

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