Recommended
stocks on – 25.04.2024
(1) RAMCO CEMENT -
Ø Buy price : 787
Ø Strong Support : 767
Ø Resistance price : 808 - 818
Reasons for Buy Recommended –
The company has historically maintained
healthy EBITDA margins, reflecting its operational efficiency and pricing power
in key markets.
The Indian government's increased focus on
infrastructure development through projects like Bharatmala, Sagarmala, and the
Smart Cities Mission will drive demand for cement.Public spending on roads,
highways, and metro rail systems directly benefits companies like Ramco.
Government programs like Pradhan Mantri Awas
Yojana (PMAY) provide a steady demand for cement in rural and semi-urban areas.
Recommended
stocks on – 22.04.2024
(2) BALKRISHNA IND. -
Ø Buy price : 2347
Ø Strong Support : 2308
Ø Resistance price : 2374 – 2388 - 2400
Reasons for Buy Recommended –
Chart signals a bullish trend, it suggests the
potential for an upward movement in the short term.
Recommended
stocks on – 09.04.2024
(3) ACC -
Ø Buy price : 2580 & 2530
Ø Strong Support : 2508
Ø Resistance price : 2560 – 2588 - 2606 - 2620
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.
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