Rationale report - 28.11.2023

Recommended stocks on – 21.12.2023

(1)         ACC  -

Ø Buy price : 1835 & 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.

Recommended stocks on – 09.11.2023

(2)         ADANI ENT.  -

Ø Buy price : 2230

Ø Strong Support : 2208

Ø Resistance price : 2257 – 2274 – 2288 - 2303

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 – 09.12.2023

(3)         ADANI ENT.  -

Ø Buy price : 2270

Ø Strong Support : 2230

Ø Resistance price : 2288 - 2303

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 06.11.2023

(4)         ACC  -

Ø Buy price : 1880

Ø Strong Support : 1850

Ø Resistance price : 1903 – 1913 - 1920

Reasons for Buy Recommended –

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

Recommended stocks on – 23.10.2023

(5)         ADANI ENT.  -

Ø Buy price : 2380

Ø Strong Support : 2370

Ø Resistance price : 2404 -2424 – 2433 - 2440

Reasons for Buy Recommended –

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

Recommended stocks on – 23.10.2023

(6)         ADANI ENT.  -

Ø Buy price : 2404

Ø Strong Support : 2370

Ø Resistance price : 2424 – 2433 - 2440

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days

Recommended stocks on – 12.10.2023

(7)         ADANI ENT.  -

Ø Buy price : 2490

Ø Strong Support : 2474

Ø Resistance price : 2547 - 2560

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.