Monday, September 25, 2023

Rationale report – 25.09.2023

Recommended stocks on – 25.09.2023

(1)         INDIGO  -

Ø Buy price : 2360

Ø Strong Support : 2330

Ø Resistance price : 2380 – 2404

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 – 25.09.2023

(2)         ADANI ENT. -

Ø Buy price : 2330

Ø Strong Support : 2420

Ø Resistance price : 2468 – 2488 – 2494 - 2508

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 – 25.09.2023

(3)         ADANI ENT. -

Ø Buy price : 2468

Ø Strong Support : 2420

Ø Resistance price : 2488 – 2494 - 2508

Reasons for Buy Recommended –

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

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