Recommended stocks on
– 13.01.2025
MUTHOOT FINANCE -
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Buy price : 2120 & 2088
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Strong Support : 2073
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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.
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