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Stock Radar: Down over 40% from highs! This auto component maker trades around strong multi-year support
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Samvardhana Motherson International, a prominent auto component maker, has plunged over 40% from its highs but is trading around crucial multi-year support levels on the weekly charts.
This suggests that a technical bounceback could be on the cards.Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 180-200 in the next 3-4 weeks if it bounces back, maintained experts.Samvardhana Motherson's stock hit a high
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