Rationale report – 18.09.2023

Rationale report – 18.09.2023

Recommended stocks on – 18.09.2023

(1)         ACC  -

Ø Buy price : 2030

Ø Strong Support : 1990

Ø Resistance price : 2047 - 2053 – 2060 - 2080

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 – 19.09.2023

(2)         INDIGO  -

Ø Buy price : 2396

Ø Strong Support : 2350

Ø Resistance price : 2413 - 2427 - 2440

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 – 01.09.2023

(3)         PNB  -

Ø Buy price : 65

Ø Strong Support : 55

Ø Resistance price : 68 - 72 - 80 - 88 - 93 -102

Reasons for Buy Recommended –

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