kishandadhania

Mothersumi Multi-Year Breakout

Long
NSE:MOTHERSUMI   MOTHERSON SUMI SYS
This is one of the fundamentally strong company with consistent good returns.
The price is near the 2018 high and facing little resistance. With perfect risk: reward it can deliver minimum 25% returns in very short time. The price can move like Tata motors did.
Comment: Entry - CMP
T1 - 310
Comment: The green line are minor support down side.
And the blue channel is the major support and resistance
Comment: Chances of SL hit. But can bounce back from that level and give breakout above 250