Gabriel India Limited is engaged in the manufacturing and marketing of ride control products. The Company’s portfolio includes a range of ride control products, which consists of shock absorbers, struts and front forks for every automotive segment. It operates through Auto Components and Parts business segment. Its business units include Commercial Vehicles & Railways, 2-Wheelers & 3-Wheelers, Passenger Cars and Aftermarket.

Techno-Funda-Elite

Company GABRIEL
Recommendation Accumulate (Rs.142)
Stop Loss (SL) Rs.127
Target Price Rs.165-Rs.180
CMP Rs.142
Time Horizon 2-4 Weeks

 

Gabriel-India- Limited-stock-graph

From last couple of month stock is trading in a range between (90-130) , now stock  has rebounded after taking support at Multiyear breakout area which is placed at  135 level, August up move signaling resumption of uptrend and fresh entry opportunity. The recent price rise was accompanied by strong volumes which was higher than average volume, the daily MACD and RSI  oscillator is in rising trajectory suggest positive bias over medium term.Going ahead we expect it to endure its current up move and head towards 165-180 level, so onecan accumulate at CMP of Rs. 142 With a stop loss of Rs. 127 on closing basis.

Source: Capitaline Database, EWL Research

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