3M INDIA BREAKOUT

Jul 15, 2021

3M INDIA BROKE OUT OF THE TRENDLINE AND THEN TOOK A SHARP UP MOVE BUT THEN IT CAME DOWN TO THE SUPPORT LEVEL OF 34000. AND NOW THE MACD INDICATES A GOOD MOVE ON THE UPSIDE AND ALS0 RSI IS MOVING UP. SO NOW IT IS A GOOD DECISION TO BUY THIS STOCK FOR THE TARGET OF 37000FOR THE SHORT-TERM TRADER AND 38000 FOR THE LONG-TERM TRADER. THE COMPANY IS THE MARKET LEADER IN THE CONSUMER ADHESIVES AND IS HAVING A MONOPOLY IN THIS SEGMENT. SO IT IS AN ADDED ADVANTAGE FOR THE COMPANY AND ALSO ITS INVESTORS.