Schaeffler India – Swing
SCHAEFFLER
Important Levels:
Support: 3,850 – 3,700
Resistance: 4,250 – 4,450
Structure: Consolidation near breakout zone
Business:
Leading bearings and industrial solutions manufacturer
Beneficiary of auto and manufacturing growth
Strong parentage and technology advantage
Earnings:
Consistent profitability
Strong return ratios
Healthy demand outlook
Verdict:
👉 High-quality auto ancillary play
👉 Attractive swing candidate
#MacroViews
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