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...
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...
This is only for educational or awareness purpose,
short Term Holding --- MTHERSUMI, Follow Weekly timeframe
Buy----Above 127(Weekly candle close)
Sl-----below 127(weekly candle close)
trg---170
trg2----190
trg3----200
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MOTHERSUMI
Motherson sumi stock heading towards harmonic support
PRZ 122.60
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...
NSE:MOTHERSUMI
Observations:
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
CMP: 135.65
Type: Swing Trade (delivery)
Buy level: 139.50 (on a breakout above rejection candle high on weekly timeframe)
SL: 119.40 (Slightly below rejection...
Ascending triangle breakout in MOTHERSUMI on 1 hour chart. Target can be 159 as per the depth of ascending triangle.
Note : For educational purpose only.
NSE:MOTHERSUMI Motherson sumi consolidating in Ascending triangle after resistance breakout
Consolidation resistance is horizontal and support is rising
Above 140 it can trigger bullish sentiment.
Important levels are marked on chart.
Happy Trading!
![MOTHERSUMI: Simple Trade Setup | MOTHERSUMI | 02-05-2022 [INTRADAY]](https://s3.tradingview.com/z/ZJhdWwGT_mid.png "Simple Trade Setup | MOTHERSUMI | 02-05-2022 [INTRADAY]")
