Analysts at Choice Equity Broking have set a bullish outlook for Samvardhana Motherson International, projecting a target price of ₹152, which indicates a potential upside of 15% from the current price of ₹131.30. The stock has shown resilience with an 8% gain in May, while the NSE Nifty index has declined by 0.3% during the same period. The analysts recommend a 'Buy' rating, citing a strong technical structure that includes a bullish engulfing pattern and the stock's position above key exponential moving averages (EMAs). They highlight a significant support level at ₹118, which aligns with the 20-Week EMA, indicating a potential demand area. Momentum indicators, such as the Relative Strength Index (RSI), are also trending positively, suggesting improving market conditions for the stock. However, analysts caution that a breach below the support level could signal a weakening of the bullish trend.