Mayur_Undale

Motherson Sumi_Long Trade

Long
NSE:MOTHERSUMI   MOTHERSON SUMI SYS
Motherson Sumi has declared that 80 out of 152 plants globally are open. 30% of these are running at 80% capacity and remaining are running at 50% capacity. Permission is being sought for other plants also. <Source LiveMint>

Motherson Sumi CMP: 81.70

Flag Pattern formation on hourly chart. Breakout above 82 will push the stock price to 96 level.

Price Target:
T1: 86.50, T2: 91.20, T3: 96; SL: 77
Trade active: T1 & T2 achieved
Trade closed manually

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