Recommended stocks on – 13.01.2025
(1) MUTHOOT FINANCE -
Ø Buy price : 2120
Ø Strong Support : 2073
Ø Resistance price : 2148 – 2153 - 2160
Reasons for Buy Recommended –
stock performance suggest potential for short-term gains.
Short-Term (10-day EMA): The stock is trading above its 10-day Exponential Moving Average (EMA) of ₹2,171.29, indicating a potential short-term bullish trend.
Medium-Term (50-day EMA): Similarly, it is above the 50-day EMA of ₹2,041.73, reinforcing the bullish sentiment.
The 14-day RSI is at 60.50, which is below the overbought threshold of 70, suggesting that the stock is not currently overbought and may have room for further upward movement.
Implementing stop-loss orders and setting clear profit targets can help manage potential risks associated with short-term trading.
Recommended stocks on – 13.01.2025
(2) GODREJ CP. -
Ø Buy price : 1166
Ø Strong Support : 1144
Ø Resistance price : 1184 - 1190
Reasons for Buy Recommended –
Technical indicators suggest a bullish short-term trend.
Futures data shows a increase in futures price
accompanied by an increase in open interest, suggesting potential positive
price movement in the coming days.
No comments:
Post a Comment