Small Midcap Mantra: Signs of tremendous growth in this auto component stock, what should be your investment strategy

Shock Observer Auto Component Company Gabriel India So far in 2021, the shares of BSE have seen a rise of 36 per cent, while the Nifty has gained 16 per cent and the BSE SmallCap index has gained 46 per cent in the same period.

During the last 1 year, the share of Gabriel India has run up 65 percent, while in the same period Nifty has run up 45 percent and BSE Smallcap index 45 percent.

The market cap of the company is Rs 2000 crores. The stock touched a 52-week high of Rs 149.25 on BSE on August 9. Still, there are signs of bullishness in this stock. According to technical analysts, the stock looks set to rise up to Rs 185, which is 20 per cent higher than the closing price of Rs 141.55 on August 16.

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The company has more than 300 models of its products. The company has a strong presence in every automotive segment. In the last 1 year, there has been a lot of volatility in the share price of Gabriel India and it has been seen tied in the range of Rs 100 to 130. In this phase too, the stock continued its uptrend and saw buying with good volumes.

Angel Broking के Rajesh Bhosale Says that the price action of this stock is currently confirming a classical inverse head and solder pattern which is a signal for the stock to move out of the bearish trend and into a bullish trend.

Rajesh Bhosale says buy in this stock even at current levels and if any dip towards Rs 133 is found, target of Rs 150 should be taken. For this, put a stop loss of Rs 120.

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