After v good results, consistently last 2 qtrs. Formed Flag & pole pattern After breakout, probably heading towards another flag & pole.
Samvrdhana Motherson International Ltd. CMP – 89.95 Market Capitalization Rs 60,953.9Cr Red Flags:🟥 High Valuation (P.E. = 31.9) Declining annual net profit Declining cash from operations annual MFs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge FIIs are increasing stake Previous Happy Candles Number – 59/100 New Happy Candles Number –...
Samvardhana Motherson International Ltd now bullish Motherson has hit a breakout of the "bullish pennant" And has also retested first target was 86.5 approx 9% return if cross 86.5 then we enter to choppy zone (86 to 90) if cross 90 then second target was 97 approx 22% return keep your stoploss at 75 to 76 If we keep going up, your stoploss should also...