Samvardhana Motherson is showing multiyear breakout with good amount of volume.. one can make a position with a SL below the trendline.. CMP : 131 TG : 230 SL : below trendline Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI. 4: Fundamental : PE, PAT, Industry &...
Motherson had been moving in an 'ascending parallel channel' since 2017. The scrip fell from a high of 134.85 attained in Jan'22 to a low of 61.80 in March'23, correcting almost 54%. It has taken support from lower end of the channel forming a W kinda pattern in shorter time frame. It started rising in Apr'23 and has risen by nearly 24% in last 3-4 months. The...
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...