While we have been adding positions in Motherson Sumi first from 70 levels and again when it moved above a Triangle formation, there is a strong case for a fresh long. Friday saw some profit taking at higher levels leading to a long upper wick but the trend seems to be intact. A good buy set up can take the stock to 116 with a stop at 87. Go long for a positional trade
Comment: Strong up move continues


Hi... Any target for tomorrow. I am holding at 99.
Or give a target with a time frame
s.arun.natesh Jagadeesh20202
@Jagadeesh20202, Hi.... I have a 1st target of 110 on the stock over the next couple of days - Momentum is strong and there are no resistances in sight..Am holding my position too but have moved my SL to 95
Jagadeesh20202 s.arun.natesh
@s.arun.natesh, thank you... will look for a target near to 110
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