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Dinesh_C_Nagpal
Aug 3, 2023 2:11 PM

Samvardhana Motherson International 

SAMVRDHNA MTHRSN INTL LTDNSE

Description

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
Comments
Kihtnana
Short dip upto what levels are expected? Any time frame to look out for Re-entry Buy Level?
Dinesh_C_Nagpal
@Kihtnana, can try to do SIP till 80-85 instead of an exact level since its medium to long term horizon view
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