Recommended stocks on – 06.05.2025
( 1 ) ACC -
· Buy price : 1838
· Strong Support : 1830
· Resistance price : 1890 - 1903
Reasons for Buy Recommended – ACC
Ltd exhibits a cautiously optimistic technical Bullish outlook.
Relative Strength Index (RSI): The
RSI stands at 54.59, indicating a neutral position but showing signs of upward
momentum.
MACD (Moving Average Convergence
Divergence): The MACD is at -10.13, with a signal line crossover that could
point towards a bullish trend if sustained.
ACC Ltd. is showing signs of a
potential bullish reversal, with key technical indicators like RSI and MACD
suggesting upward momentum. While the stock is currently below its 50-day and
200-day SMAs, a breakout above these levels could confirm a bullish trend.
Recommended stocks on – 05.05.2025
( 2 ) JSW STEEL -
· Buy price : 965
· Strong Support : 944
· Resistance price : 983 - 990
Reasons for Buy Recommended – JSW
Steel Ltd bullish technical outlook. MACD (12,26): The MACD line is at -14.31,
with a bullish crossover observed, indicating potential upward momentum.
While long-term indicators like the
MACD suggest potential for a bullish reversal, short-term indicators and moving
averages point towards prevailing bullish momentum.
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