Rationale report - 13.12.2023

Recommended stocks on – 13.12.2023

(1)         ADANI ENT.  -

Ø Buy price : 2868

Ø Strong Support : 2844

Ø Resistance price : 2904 - 2930

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 – 13.12.2023

(2)         ADANI ENT.  -

Ø Buy price : 2850

Ø Strong Support : 2830

Ø Resistance price : 2877 - 2890 – 2904 - 2930

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 13.12.2023

(3)         ACC  -

Ø Buy price : 2183

Ø Strong Support : 2144

Ø Resistance price : 2208 - 2220

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 – 05.12.2023

(4)         SBI CARDS -

Ø Buy price : 606

Ø Strong Support : 560

Ø Resistance price : 624 - 630 – 644 - 650

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.