Rationale report – 29.08.2023

Recommended stocks on – 29.08.2023

(1)         ACC -

Ø Buy price : 1980

Ø Strong Support : 1950

Ø Resistance price : 1994 – 2002 - 2013

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 – 29.08.2023

(2)         ADANI ENT. -

Ø Buy price : 2470

Ø Strong Support : 2420

Ø Resistance price : 2488 - 2503 – 2514 - 2520

Reasons for Buy Recommended –

Adani Enterprises Earnings momentum could drive the stock higher.

Adani's businesses in renewables, airports, and data centers are attracting investor interest.

FIIs/DII investments increase, momentum could continue.

Recommended stocks on – 28.08.2023

(3)         INDIGO  -

Ø Buy price : 2460

Ø Strong Support : 2424

Ø Resistance price : 2477 - 2490 - 2505

Reasons for Buy Recommended –

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

IndiGo is consistently profitable with growing revenue per passenger (RPK).

Recommended stocks on – 25.08.2023

(4)         INDIGO  -

Ø Buy price : 2470

Ø Strong Support : 2440

Ø Resistance price : 2494 – 2500

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 25.08.2023

(5)         GRASIM  -

Ø Buy price : 1770

Ø Strong Support : 1740

Ø Resistance price : 1788 – 1793 - 1800

Reasons for Buy Recommended –

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