Monday, February 24, 2025

Rationale report - 24.02.2025


Recommended stocks on – 24.02.2025

(1) ACC -

Ø Buy price : 1860

Ø Strong Support : 1818

Ø Resistance price : 1883

Reasons for Buy Recommended –

ACC has solid fundamentals, sector tailwinds, and strong backing. Accumulating on dips could be a great strategy for investors.

 Strong Financials & Positive Sentiment - Debt is under control, and profitability is expected to improve.

Recommended stocks on – 21.02.2025

(2) M & M -

Ø Buy price : 2670

Ø Strong Support : 2606

Ø Resistance price : 2690 - 2707

Reasons for Buy Recommended –

The current price aligns with these moving averages, indicating a potential consolidation phase.

Recent analyses anticipate a potential bullish reversal, with the MACD histogram expected to turn positive, reinforcing an upward trend.

Timeframe: Conversely, on a longer timeframe, the MACD indicates a bullish trend, with the MACD line at 439.23 above the Signal Line at 421.22, suggesting upward momentum over the longer term.


 

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