Thursday, September 14, 2023

Rationale report – 14.09.2023



Recommended stocks on – 14.09.2023

(1)         ADANI ENT. -

Ø Buy price : 2508

Ø Strong Support : 2474

Ø Resistance price : 2533 – 2547 – 2564 - 2570

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 – 14.09.2023

(2)         ADANI ENT. -

Ø Buy price : 2536

Ø Strong Support : 2490

Ø Resistance price : 2550 – 2564 - 2570

Reasons for Buy Recommended –

The stock is in a bullish phase, traders can look for short-term breakouts.

Recommended stocks on – 14.09.2023

(3)         UPL -

Ø Buy price : 616

Ø Strong Support : 588

Ø Resistance price : 636 - 644

Reasons for Buy Recommended –

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

Recommended stocks on – 13.09.2023

(4)         M & M -

Ø Buy price : 1540

Ø Strong Support : 1530

Ø Resistance price : 1555 – 1570 – 1583 - 1600

Reasons for Buy Recommended –

Mahindra & Mahindra is bullish in the short term, backed by strong auto sales, EV growth, and favorable industry trends. Lower steel & raw material costs improving margins.

Benefiting both SUV & tractor segments.

Recommended stocks on – 13.09.2023

(5)         M & M -

Ø Buy price : 1555

Ø Strong Support : 1530

Ø Resistance price : 1583 – 1590 - 1600

Reasons for Buy Recommended –

Mahindra & Mahindra (M&M) is one of India's leading automobile companies, with strong market leadership in SUVs, tractors, and electric vehicles (EVs). The stock is showing short-term bullish momentum due to strong sales, positive sentiment in the auto sector, and technical strength.


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