Recommended stocks on – 08.04.2025
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1 ) ACC -
·
Closed price : 1960
·
Strong Support : 1920
·
Resistance price : 1984 –
1990 - 2002
Reasons
for Buy Recommended – ACC Ltd 20-day
Simple Moving Average (SMA): The stock is trading above its 20-day SMA of ₹1,885.84,
indicating potential short-term bullishness.ACC Ltd. is exhibiting bullish
signals across various technical indicators. The RSI suggests neutral momentum.
ACC Ltd. the moderate ADX value reflects a somewhat
defined trend. Trading above the 20-day and 50-day SMAs points to potential
short-term bullishness, but the position below the 200-day SMA indicates a bullish
long-term trend.
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2 ) MAHANAGR GAS -
·
Closed price : 1297
·
Strong Support : 1270
·
Resistance price : 1316 -
1330
Reasons
for Buy Recommended – Mahanagar Gas
Ltd. is exhibiting bullish signals across various technical indicators. The RSI
and CCI suggest neutral momentum, while the Stochastic RSI points to an uptrend.
The stock's position below the 50-day and 200-day SMAs
suggests potential medium- to long-term bullishness. However, the proximity to
the 20-day SMA indicates a neutral short-term positive trend.
( 3 ) GODREJ CP. -
· Buy price : 1160
· Strong Support : 1130
· Resistance price : 1178
Reasons for Buy Recommended – Godrej Consumer Products
Ltd.indicates a 'buy' signal. The stock is trading above its 5-day (₹1,135.78) and 15-day (₹1,098.70) Exponential Moving
Averages (EMAs), suggesting a strong bullish trend.
The Relative Strength Index (RSI) is
in the neutral range, indicating that the stock is neither overbought nor
oversold. Additionally, the Moving Average Convergence Divergence (MACD) line
is above the signal line, which is typically a bullish indicator.
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