tanmaymodi92

3M INDIA BREAKOUT

Long
NSE:3MINDIA   3M INDIA LTD
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.