Motherson Sumi forming Head & Shoulder but Trend is Up ??

Motherson Sumi is a good stock if you are looking for a long term investment for a minimum of 1 year, it can achieve a target of 225+. Reason being that it supply automotive components to original manufacturers. Scrapping Policy will give it a boost.

However, in short term, it is forming a Head & Shoulder Pattern, meaning it can go downward as well upto 130 levels.

I recommend to add 30% at current levels and next 50% at 130, keeping stoploss at 120 levels.

Please Note: This is only for my own tracking of trades. It is not a trade recommendation for you. Please do your own research before investing.

Trade active:

CMP 176+
SL Trail to 160
Target Intact.

Trade active:

CMP 197+
Book 50%
Trail Stoploss to 180

Trade active:

CMP 217
Short Term Traders can Book.
Long Term Traders Can Stay Active with Stoploss at 200

Enjoy Profits...

Trade closed: target reached:

CMP 225+
Target reached.
We may see 260+ in some time