Samvardhana Motherson International

2023년 8월 3일

Hello & welcome to this analysis

A rank outperformer from its listing back in 1999, stock has a history of doing deeper retracements and then following it with much stronger rallies.

Currently in the monthly time frame its forming a cup & handle pattern that suggests accumulation for yet another strong upside.

However, in the short term it could see a dip if current support levels are broken.

Overall a strong stock in lower time frame consolidation/correction.

Happy Investing