Structure Breakout After Compression ⚡📈
Samvardhana Motherson (NSE: MOTHERSON) has broken out of a falling wedge inside a long-term uptrend.
Price reclaimed the key ₹100–112 zone, showing strength after months of controlled correction.
This is a clean structure breakout, supported by rising weekly volume and higher lows.
Structure Highlights
📌 Long-term rising trendline intact
📌 Falling wedge breakout → bullish continuation signal
📌 Weekly close above 50 EMA
📌 RSI momentum turning up
📌 Supply zone at ₹112 reclaimed
📌 Accumulation visible at structural supports
Key Levels
Support:
Resistance:
Bias stays positive above ₹100.
Technical Snapshot
✅ Structure breakout
✅ Volume expansion
✅ Momentum recovery
✅ Large-cap auto ancillary strength
✅ Potential for continuation toward ₹120–₹130+
📒 Educational price structure analysis — not investment advice.
Samvardhana Motherson (NSE: MOTHERSON) has broken out of a falling wedge inside a long-term uptrend.
Price reclaimed the key ₹100–112 zone, showing strength after months of controlled correction.
This is a clean structure breakout, supported by rising weekly volume and higher lows.
Structure Highlights
📌 Long-term rising trendline intact
📌 Falling wedge breakout → bullish continuation signal
📌 Weekly close above 50 EMA
📌 RSI momentum turning up
📌 Supply zone at ₹112 reclaimed
📌 Accumulation visible at structural supports
Key Levels
Support:
- ₹106
- ₹100.40 (major structure support)
Resistance:
- ₹112.30
- ₹120+
- ₹143 (major swing high zone)
Bias stays positive above ₹100.
Technical Snapshot
✅ Structure breakout
✅ Volume expansion
✅ Momentum recovery
✅ Large-cap auto ancillary strength
✅ Potential for continuation toward ₹120–₹130+
📒 Educational price structure analysis — not investment advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
