Friday, March 21, 2025

Rationale Report -21.03.2025



Recommended stocks on – 21.03.2025

(1)           TATA CHEM. -

·     Buy price : 838

·     Strong Support : 808

·     Resistance price : 853

Reasons for Buy Recommended – Both simple and exponential moving averages across various periods (20, 50, 100, and 200 days) suggest a 'Strong Buy' signal.

Overall, the technical indicators present a positive outlook for Tata chemicals Ltd., with moving averages suggesting a strong buy.



Recommended stocks on – 20.03.2025

(2)           ADANI PORTS -

·     Buy price : 1170 / 1150

·     Strong Support : 1144

·     Resistance price : 1188 – 1194 - 1202

Reasons for Buy Recommended – The technical analysis for Adani Ports and Special Economic Zone Limited presents a bullish outlook, with key indicators pointing toward continued upward momentum.

Moving Averages (MA): The stock is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple moving averages, indicating a strong bullish trend.

Relative Strength Index (RSI): The 14-day RSI is at 71.069, suggesting that the stock is in overbought territory.

Moving Average Convergence Divergence (MACD): The MACD indicator is at 26.87, indicating bullish momentum. Assigns a 'Buy' rating based on current technical indicators.

Recommended stocks on – 14.02.2025

(3)           ACC -

·     Buy price : 1880

·     Strong Support : 1830

·     Resistance price : 1903 – 1919 - 1920

Reasons for Buy Recommended – The stock is showing short-term bullish momentum.

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth. With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

 


 

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