Recommended stocks on – 24.04.2025
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1 ) BALKRISHNA IND.-
·
Closed price : 2580
·
Strong Support : 2508
·
Resistance price : 2603 -
2620
Reasons for Buy Recommended – Balkrishna Industries Ltd exhibits a bullish technical outlook, with short-term bullish indicators and potential for long-term growth.
Moving Averages: Both simple and exponential
moving averages across various periods (20, 50, 100, and 200 days) suggest a
'Strong Buy' signal. Overall, the technical indicators present a positive
outlook for Balkrishna Industries Ltd, with moving averages suggesting a strong
buy.
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2 ) 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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