Saturday, November 25, 2023

Rationale report - 24.11.2023


Recommended stocks on – 21.11.2023

(1)         ADANI ENT.  -

Ø Buy price : 2170

Ø Strong Support : 2150

Ø Resistance price : 2188 – 2194 – 2208 – 2220

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

The company has maintained a return on equity of 8.33% over the past Two years. While AEL's diversified portfolio and strategic initiatives in infrastructure and renewable energy present potential growth opportunities.

Recommended stocks on – 21.11.2023

(2)         ACC  -

Ø Buy price : 1808

Ø Strong Support : 1790

Ø Resistance price : 1844 – 1858 – 1865 - 1880

Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

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