Motherson Sumi is a leading Auto ancillary company.
Increasing Topline with reducing Operating Margins led to bottomline contraction, and hence falling share prices, accentuated by the slowdown in Automobile space.
With the Auto sector slowly reviving, and a normalish quarter, it remains to see if the price can gather some support here.
Not an Investment...
SAMVARDHANA MOTHERSON INTERNATIONAL as per daily chart analysis Stock have broken support at 110 and now next support is at 101 level and if this is broken next support is at 91 level.
FII Net Buying
22025.62 Crores for August 2022
FII Net Selling
13143.57 Crores upto Sep 28 2022
It Shows FII only holding 8882.05 Crores as on today 28.09.22 and if they dilute...
Motherson sumi has been consolidating in a triangle pattern from the month of April and is respecting the trend line on daily time frame.
It is trading around its 20 DMA. The volume indicator is showing decrease in volumes.
On weekly analysis, the stock is taking a resistance from its 200 ema and both the moving averages are close enough.
If the stock breaks...
As per the above chart NSE:MOTHERSON is bullish has given a breakout and can go till the upper line of the channel, If it breaks the channel there is possibility of further upside. But till now it looks like its going in Correction wave ABC. Where wave C can go till Ext fibo ratio of 1.272 or 1.618 . Safe to book near 1.272, Considering the bigger timeframe...
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Motherson sumi stock heading towards harmonic support
Stop Loss:- 119.55 (closing basis)
first target gap filling
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not...
1) On 1hr time frame, we can see it has been trading in 10point range from 132-142.
Please refer below chart : 1hr time frame.
2) On 15min time frame we can see it is at the support channel. There can be chance if it takes support from it then we can see an buying but remember immediate breakout level is 142.
But if it...
The chances of trade being successful increase when you combine Price action with Indicators.
This Trade setup uses Weekly and daily timeframes and two indicators – RSI & MACD.
Stock: Motherson Sumi
Type: Swing Trade (delivery)
Buy level: 139.50 (on a breakout above rejection candle high on weekly timeframe)
SL: 119.40 (Slightly below rejection...
On the 2 Hour Chart of MOTHERSUMI, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 225.40, 230.35, and 234.20. Whereas, on the other hand,...