Recommended
stocks on – 13.05.2024
(1) RELIANCE -
Ø Buy price : 2807
Ø Strong Support : 2744
Ø Resistance price : 2828 – 2833 - 2840
Reasons for Buy Recommended –
Chart signals a bullish trend, it suggests the
potential for an upward movement in the short term.
Recommended stocks on – 13.05.2024
(1) ACC LTD -
Ø Buy price : 2360
Ø Strong Support : 2317
Ø Resistance price : 2388 - 2404
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 – 13.05.2024
(3) BHEL -
Ø Buy price : 280
Ø Strong Support : 255
Ø Resistance price : 288 - 293 – 303
Reasons for Buy Recommended –
The Indian government's focus on infrastructure development, including
power generation, transmission, and renewable energy, is a major positive for
BHEL. Increasing investments in thermal and renewable energy projects are likely
to create long-term opportunities for the company.
BHEL is expanding into
non-traditional segments such as defense, transportation (metro rail systems),
and renewable energy (solar and wind).Its push towards diversification reduces
dependency on traditional thermal power projects.
Recommended
stocks on – 09.05.2024
(4) RELIANCE -
Ø Buy price : 2828
Ø Strong Support : 2780
Ø Resistance price : 2853 – 2860 – 2873 - 2880
Reasons for Buy Recommended –
Chart signals a bullish trend, it suggests the
potential for an upward movement in the short term.
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