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CuriousChartist
Nov 20, 2023 12:32 PM

MUNJAL AUTO.. Humare Portfolio me Aao Toh Long

MUNJAL AUTO INDUSTNSE

Description

The company is among the largest manufacturers of Exhaust Systems in the world, manufacturing close to 32,000 systems per day.

Besides this, it also produces more than 10,000 Spoke Rims for motorcycles and Steel Wheel Rim every day.

Clientele
The Co. has a wide customer base that includes Hero Moto Corp, Tata Motors, Piaggio, Bajaj Auto, Royal Enfield, and Wuling Motors(MG).

Technical:
Nice multiyear base has been formed.
Breakout and Retest Done.

Trade active

7% up

Comment

Target 1 Achieved. 18% up in 3 sessions

Trade closed: target reached

Both Targets Achieved. 35% in 6-7 sessions.

Trail the SL for more gains
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