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Motherson sumi is a buy for positional call with stoploss below 140, Target 175, 182, 205
Dual bullish divergence in daily chart, and bullish divergence in weekly and RSI support at 40 in monthly charts and also at important trendline support.
Good luck. Good Trading
Currently the stock is trading in a channel.
- On the upside 158-163 may act as potential resistance zone
- Below 146 stock chart may indicate further weakness
One may look to sell the stock either on rise towards 160 or once it breaks below 146 for target of 133 / 122
Take care & safe trading...!!!
MOTHERSUMI iz testing the two year long Neckline.
Levels mentioned on chart
sell if it breaks PDL with a stoploss at PDH
buy if it breaks PDH with stoploss at PDL
Long above 179 for target of 184 / 197 / 207 with Stop loss at 172
Buy above 173
Target 180, 185
Mothersumi seems like a good pick for the week ...time frame one week
It's a Buy for short & long term here is why!
MOTHERSUMI Buy idea- intraday
trade at your risk
MOTHERSON Positional -
Entry - 264
SL - 220
Tgt - 340
Morning Star at Imp Support level...
Is it sign of trend reversal...
too early to say...
Definitely to be kept on watchlist