Recommended stocks on – 11.01.2023
(1)
LARSEN -
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Buy price : 2108
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Strong Support : 2073
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Resistance price : 2134 - 2140
Reasons for Buy Recommended –
The current technical indicators for LARSEN Ltd.
predominantly suggest a bullish outlook.
Relative Strength Index (RSI): The 14-day RSI is
at 73.98, indicating overbought conditions, which could suggest a potential
price correction.
Recommended stocks on – 10.01.2023
(2)
BALKRISHNA IND. -
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Buy price : 2180
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Strong Support : 2170
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Resistance price : 2208 – 2220 – 2233 - 2240
Reasons for Buy Recommended –
While some indicators, such as
short-term moving averages suggest bullish momentum.
Moving Averages: Short-term moving
averages (5-day, 10-day, 20-day, and 50-day) suggest a bullish trend, as the
stock is trading above these averages.
Recommended stocks on – 10.01.2023
(3)
BALKRISHNA IND. -
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Buy price : 2208
Ø
Strong Support : 2170
Ø
Resistance price : 2233 - 2240
Reasons for Buy Recommended –
The stock is showing short-term bullish
momentum.
The MACD line is slightly above the
signal line, indicating a potential bullish trend.
Recommended stocks on – 10.01.2023
(4)
NIFTY -
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Buy price : 18080 & 18008
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Strong Support : 17939
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Resistance price : 18118 – 18131 - 18180
Reasons for Buy Recommended –
Some technical distribution pattern has been
observed in the stock's price, indicating a potential medium-term bullish.
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