Recommended stocks on – 17.10.2024
(1) ACC LTD -
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Buy price : 2280
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Strong Support : 2270
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Resistance price : 2333 - 2340
Reasons for Buy Recommended –
ACC Limited is a prominent player in India's cement industry.
While ACC demonstrates resilience with revenue growth and an optimistic
demand outlook.
Recommended stocks on – 17.10.2024
(2) CIPLA LTD -
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Buy price : 1550
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Strong Support : 1544
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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.
Recommended stocks on – 17.10.2024
(3) AURO. PHARMA -
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Buy price : 1460
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Strong Support : 1450
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Resistance price : 1503 – 1513 - 1520
Reasons for Buy Recommended –
Aurobindo Pharma has a strong track record of earnings growth.
Its focus on expanding in the U.S. generics market and increasing its
Active Pharmaceutical Ingredients (API) business offers growth potential.
MACD shows signs of stabilization, with a possibility of a bullish
crossover.
The global push for generics and increasing healthcare demand favor
companies like Aurobindo Pharma.
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