Samvardhana Motherson International
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
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
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