3M INDIA LTDLong
3MINDIA - Breaking 4 yr consolidation - 2X opportunity
3MINDIA has been in range since Sep'18- for more than 4 yrs now.
On long term horizon, it is in uptrend since few years now.
It has taken support at weekly 200 EMA.
Recently given trendline breakout.
Volumes are picking up in recent time with good price upwards momentum.
Fundamentally, recent results have been good, post which we may see some price re-rating in this stock.
SL: Daily candle close below 25,000.
Target: 45k then 70k in 1-2 years.
On long term horizon, it is in uptrend since few years now.
It has taken support at weekly 200 EMA.
Recently given trendline breakout.
Volumes are picking up in recent time with good price upwards momentum.
Fundamentally, recent results have been good, post which we may see some price re-rating in this stock.
SL: Daily candle close below 25,000.
Target: 45k then 70k in 1-2 years.
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