gabriel india share short term technical view
gabriel india share price today closed at 75.4 with almost 2% loss. on daily chart, stock price trend and momentum both are bearish. stock is trending down with lower tops and bottom pattern. last fresh breakdown was seen at 81 rupee and from that levels stock already loss 6 rupee. on downside 74 and then 68 are target zones for stock. below 68 expect panic sell off up to 61 and below. recovery or consolidation near 68 means short term buying opportunity so traders must keep watch for that. on upside 81.2 is strong resistance and above it only expect short term trend reversal.
gabriel india share medium term technical view
gabriel india stock on weekly chart showing losses for this week also. this will be ninth losing week for this stock. in these 9 weeks period stock lost almost 20 rupees or 25% in its value. weekly chart price trend and momentum both are strong bearish and current chart price as well as indicators pattern suggesting deep price fall for this stock. in short to medium term expect 72-70 rupee as target zone for this fall. if on weekly basis sustain below 72 then expect bear run up to 66 to 58 rupee in next 6 to 12 months. from medium to long term view, gabriel india will be best buy in between 58 to 65 zone and investors must follow buy and accumulate view in that range.on trend reversal 88 and then 95 rupees will be price targets for this stock.
gabriel india share long term technical view
gabriel india share in last 6 month had given minus 205 return to there investors. stock is uunderperformingas compared to major indices. as per my data, gabriel india all time low was around 16 rupee while gabriel india all time high was at 100. from 3-5 years view stock will be best buy below 40 rupee levels so on any bear market rally if gabriel india comes below 40 rupee then start staggered buying approach with minimum 3 to 5 years view for target of 116-120.
gabriel india company description
Gabriel India Limited is an India-based company, engaged in manufacturing and marketing of ridge products. The Company’s automotive customer segments include the Original Equipment Manufacturers (OEM’s), Replacement market and Exports. The Company provides a range of ride control products in India with shock absorbers, struts and front forks catering to passenger cars, utility vehicles, commercial vehicles and two wheelers. It has nine manufacturing facilities, spread across the country located at Pune, Nashik, Hosur, Dewas, Sanand, Malur, Khandsa, Chakan and Parwanoo. The Company’s Chakan plant at Pune delivers suspension products for passenger cars. Its Khandsa plant at Gurgaon manufactures gas charged shock absorbers. Its Dewas Plant supports requirements of commercial vehicles in India like Tata Motors, Ashok Leyland, Eicher, M&M and Force Motors. The Ambad plant at Nashik manufactures shock absorbers and front forks for two wheelers (Scooters and Motor Cycles).