Recommended stocks on - 12.03.2023
(1)
MGL -
·
Buy price : 1288
·
Strong Support : 1250
·
Resistance price : 1303
Reasons
for Buy Recommended – The MACD shows a bullish
signal at 7.93, suggesting potential upward momentum. However, other indicators
like ADX, CCI, and Williams %R are neutral, reflecting a lack of strong
directional trends.
Relative Strength Index (RSI): 45.92
Average Directional Index (ADX): 14.50
Commodity Channel Index (CCI): -72.49
Williams %R: -61.51
Recommended stocks on - 12.03.2023
(2)
INDUSIND BANK -
·
Buy price : 636
·
Strong Support : 590
·
Resistance price : 664 –
670 – 686 - 700
Reasons
for Buy Recommended – IndusInd Bank Limited is currently exhibiting
a strong bullish trend. The RSI is below 25, indicating that the stock is in
oversold territory, which could signal a potential rebound; however, it also
reflects the current positive sentiment.
Recent
market developments have further impacted the stock. IndusInd Bank's shares
plummeted by 27% due to selling pressure.
Recommended stocks on - 10.03.2023
(3)
ACC -
·
Buy price : 1858
·
Strong Support : 1800
·
Resistance price : 1874 –
1888 – 1894 - 1900
Reasons
for Buy Recommended – The technical
indicators for ACC Limited currently suggest a bullish outlook.
Average Directional Index (ADX): The ADX is at 39.93,
reflecting a strong trend.
Moving Averages (MA): The stock is currently below both
its 50-day and 200-day moving averages, indicating potential bullish momentum.
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