Motherson Sumi is a good stock if you are looking for a long term investment for a minimum of 1 year, it can achieve a target of 225+. Reason being that it supply automotive components to original manufacturers. Scrapping Policy will give it a boost.
However, in short term, it is forming a Head & Shoulder Pattern, meaning it can go downward as well upto 130 levels.
I recommend to add 30% at current levels and next 50% at 130, keeping stoploss at 120 levels.
Please Note: This is only for my own tracking of trades. It is not a trade recommendation for you. Please do your own research before investing.
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CMP 176+ SL Trail to 160 Target Intact.
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CMP 197+ Book 50% Trail Stoploss to 180
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CMP 217 Short Term Traders can Book. Long Term Traders Can Stay Active with Stoploss at 200
Enjoy Profits...
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CMP 225+ Target reached. We may see 260+ in some time