Motherson sumi breakout- tgt 340

sethinomics Updated   
Motherson sumi broke out above 1 month old falling trendline. The stock saw very strong volumes today. It also crossed above its 20 & 50 DEMA today. MACD indicator too gave a +ve crossover. I expect stock to move towards its recent highs of 340 in few days. We hold.
Trade closed: target reached:
Target Achieved.


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