Technically MARUTI is breaking out of a longterm wedge pattern.
Fundamentally, there's a long waiting list for booked customers. While this is applicable for all automakers, Maruti has upgrades lined up for Baleno, Brezza and also hinted at new launches that would rival the hot Creta and Thar.
Tata Motors is among the heavy weight stock of Auto Sector. With the downtrend in Auto Sectors due to chip shortage it was also suffering which was visible in the price action. However, since chip shortage news has been priced in and the results season are near so have seen a multi month breakout in tata motors.
Now following questions comes up -
What if I am...
Following long-term consolidation from Feb 21 to Sep 21. On its trendline, M&M stock price has given a breakout.
Stock price has formed a pennant pattern, with support at 734.
The fundamentals of the stock are below average and do not point in one direction.
Breakouts prior to the results of FY21Q2 can be considered positives for bulls.
A sustained price above...
After correcting from highs of 260-265 in June 2021, the stock has taken support on the midterm trend line, that it has been following since April 2020.
As the stock gained support from the breaking point of 200, it started climbing up the ladder with MACD and RSI supporting its price movement.
Despite the price move up, volumes are still awaiting confirmation.
AMARAJABAT share break the trend line towards bullish momentum.
You can see also the MACD Signal, Macd also give the signal of breakout.
Safe trader can make position in this trade after it cross 692.
Short term target is 740. What's your view on this comment below in the box.
Samkrg Pistons & Rings Ltd , set up in March 1985, is in the manufacture of Pistons, Piston pins and Piston-rings for the automotive markets. It has plants at Hyderabad and Srikakulam near Visakhapatnam. SAMKRG caters mainly to the two-wheeler segment (accounted for 95% of its revenue in FY20).
Exports: Exports were about 13% of net sales in FY 20. The Co....