After correction from 260 level to 91
Bounced back from Natural support at 91..
With double bottom formation.
With BSVI inventory expected to Drive market again from Q1 2020 will result into Sharp recovery in Demand of vehicles. And motherson being Teir-1 player will also benefit out of same.
Motherson have initiated various measure to cutdown expenses during this slow down period, which should effect In comparatively better than expected result for Q3 and Q4.
With this present level from where stock bounced seems to have formed a strong Bottom.
With expected recovery stocks to reconquer its glory again ...
After correction And Consolidation stock formed double bottom and have break out from consolidation range.
Immediate target visible of T-1 127 and Rs 140 level in immediate future.
Bounced back from Natural support at 91..
With double bottom formation.
With BSVI inventory expected to Drive market again from Q1 2020 will result into Sharp recovery in Demand of vehicles. And motherson being Teir-1 player will also benefit out of same.
Motherson have initiated various measure to cutdown expenses during this slow down period, which should effect In comparatively better than expected result for Q3 and Q4.
With this present level from where stock bounced seems to have formed a strong Bottom.
With expected recovery stocks to reconquer its glory again ...
After correction And Consolidation stock formed double bottom and have break out from consolidation range.
Immediate target visible of T-1 127 and Rs 140 level in immediate future.