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Technical Stock Pick - Buy Schaeffler India Ltd For Target Rs. 8150 - HDFC Securities 

TECHNICAL OBSERVATIONS

Flag Pattern Breakout is seen on the daily chart

Stock has broken out from last 5 week’s price consolidation

In the Month of July 2021, Stock registered multiyear breakout with jump in volumes

Indicator and Oscillator setup has been holding bullish on weekly charts

Short term moving averages are placed above medium to long term moving averages

Nifty MNC Index looks very strong on short to medium term charts

Stock has been forming higher tops and higher bottoms on weekly and monthly charts

Buy Schaeffler India Ltd Up to 1-3 Months @ Average Level 6650 CMP 7000.05 TGT 8150 SL 6400

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