trending stock, top gear of SML Isuzu Ltd in the vehicle sector – top trending stock sml isuzu ltd
The company was renamed SML Isuzu Limited in 2011 and Sumitomo Corporation (Japan) and Isuzu Motors (Japan) held 44% and 15% respectively.
Monday’s move in the company’s share value caught the attention of investors. The company stock, which recorded a gain of over 12% in the morning session with more than 30 days of trading volume, is currently trading at Rs. Dealing at 836. It is trading at the minimum level of the neckline (Rs. 888 level) of the long-term trend reversal pattern on the daily time frame. Any closing above this neckline with a continuation pattern will confirm a breakout of the trend reversal price pattern.
The 14-day period RSI (77.8) is bullish on the daily chart. The short-term moving average (5-13-26DMA) confirms a strong bullish crossover.
Long-term investors looking for opportunities in the auto sector should closely track company stocks in this analysis.
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