Recommended stocks on – 20.03.2025
(1)
ADANI PORTS -
· Buy price : 1170 / 1150
· Strong Support : 1144
· Resistance price : 1188 – 1194 -
1202
Reasons for Buy Recommended – The technical analysis for
Adani Ports and Special Economic Zone Limited presents a bullish outlook, with
key indicators pointing toward continued upward momentum.
Moving Averages (MA): The stock is trading above its
5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple moving averages,
indicating a strong bullish trend.
Relative Strength Index (RSI): The 14-day RSI is at
71.069, suggesting that the stock is in overbought territory.
Moving Average Convergence Divergence (MACD): The MACD
indicator is at 26.87, indicating bullish momentum. Assigns a 'Buy' rating
based on current technical indicators.
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