Recommended stocks on - 12.03.2023
(1)
MGL -
·
Buy price : 1288
·
Strong Support : 1250
·
Resistance price : 1303 -
1313
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.
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