Recommended stocks on – 09.01.2025
(1) ACC LTD -
Ø Buy price : 1950
Ø Strong Support : 1933
Ø Resistance price : 1993 - 2003 - 2020
Reasons for Buy Recommended –
ACC's stock has declined by approximately 12.58% over the past month and 14.70% over the past year, reflecting a bearish trend.
Relative Strength Index (RSI): The 14-day RSI is at 22.80, indicating that the stock is in oversold territory, which may suggest a potential buying opportunity.
Short-Term (5-day SMA): The stock is trading below its 5-day Simple Moving Average (SMA) of ₹1,958.16, indicating a bearish trend.
Medium-Term (50-day SMA): It is also below the 50-day SMA of ₹2,164.27, reinforcing the bearish sentiment.
The low RSI suggests that the stock may be oversold, potentially indicating a reversal or a short-term buying opportunity.
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