Recommended stocks on – 24.04.2025
(
1 ) TATA CHEMICALS -
·
Closed price : 858
·
Strong Support : 830
·
Resistance price : 874 -
880
Reasons
for Buy Recommended – Tata Chemicals
Ltd exhibits a neutral to bullish technical outlook.
Relative Strength Index (RSI): The 14-day RSI stands at
47.99, suggesting a neutral momentum without clear overbought or oversold
conditions.
The stock is trading below its 50-day and 200-day Simple
Moving Averages (SMA), indicating a bullish trend.
Moving Averages:
Both simple and exponential moving averages across various periods (20, 50,
100, and 200 days) suggest a 'Strong Buy' signal.
Average Directional Index (ADX): The ADX value is 35.36, suggesting a strong trend.
Overall, the
technical indicators present a positive outlook for Tata Chemicals Ltd., with
moving averages suggesting a strong buy.
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