Recommended stocks on – 17.10.2024
CIPLA LTD -
Ø Buy price : 1570
Ø Strong Support : 1544
Ø Resistance price : 1588 - 1600
Reasons for Buy Recommended –
The MACD (Moving Average Convergence Divergence) line is near a potential crossover, which could indicate bullish momentum.
Positive earnings surprises often lead to short-term price gains.
The stock is slightly below its 50-day EMA, suggesting caution, but a breakout above this level could confirm a short-term rally.
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