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