Greetings,
Today, I'm presenting you analysis of NSE:MSUMI - Motherson Sumi Wiring India Ltd.
📊 Technical Analysis: Essential Insights
the stock has come down to retest the breakout zone. Interestingly, this retest is happening with very low volumes, which is a positive sign. It suggests that the selling pressure is weak, and the breakout could be valid. ...
This is the analysis of MSUMI in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your...
NSE: MOTHERSON is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 9% to 14%...
Motherson sumi has been consolidating in a falling wedge pattern for about two months now.
It showed some strength yesterday. Today it broke out of the falling wedge with a solid volume too.
Do note the point from where it took support yesterday is also the price(86 ish) where the gap was created on July4-5th 2023.
Stop loss -86
Target 1 - 98.5
Target 2 -...
NSE:MOTHERSON looks very strong on charts. The rally is sustainable in my opinion as the auto sector is in tailwinds and is doing well at the moment. The share formed a double bottom around 60 and has since rallied back up. Previous high could be a good target and therefore, levels of 120 can be expected in the coming months. If the stock breaks above 120, then...
Stock has formed a good double bottom structure and a breakout above 80-85 levels can give a good move towards 100-110 levels in medium to long term duration
Chart -> MOTHERSON SUMI WRNG Daily
The stock has created a good-looking base after the down move and today looks like the breakout is done.
CMP: 55
Good Range: 53 to 55
Target: 59, 62.50
SL: 52.50 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial...
6-Apr 10:55 AM
Msumi Spot #Shortterm
Buy at CMP- 50.15
Stop loss - 48.3
Target- As par strategy indicates
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
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* Harmonic 1.272 pattern
*Above all moving averages on 4 hr and 1 hr time frame
* Weekly time frame rising RSI and MA crossover
* UK- INDIA FTA TRADE CAN BE GREAT PUSH FOR THE STOCK
* Bullish morubozu candle on monthly
* 60 level is a very good support for the stock
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...
