Wednesday, August 30, 2023

Rationale report – 30.08.2023


Recommended stocks on – 30.08.2023

(1)         ADANI ENT. -

Ø Buy price : 2508

Ø Strong Support : 2433

Ø Resistance price : 2533 - 2540

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 – 29.08.2023

(2)         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.

 

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