Thursday, March 13, 2025

Rationale Report - 13.03.2025



    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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