Motherson Sumi Wiring : waiting for Rectangular box breakout !!
Motherson Sumi Wiring India Limited is a leading and fast-growing full-system solutions provider to OEMs, in the wiring harness segment in India with a market cap of Rs. 22,000.00 . The stock is currently in a range and on strong support @ 50.45 . Aggressive traders may take entry at CMP @ 49.90 as the stop loss is very low. Safe Trader , enter the trade after retesting of the support after break out of the rectangular box @ 51.55 for targets 53.95 , 59.50 and 63.25 with stop loss @ 48.50. Thus the Risk Reward Ratio is ranging from 2.89 to 9.53 .
Company's Fundamentals are very strong. Promoter's holding is 61.75% and MF holdings is 15.32 % which is a good percentage and a sign of confidence in this stock. We see a trend reversal in the stock from the strong supply zone before coming in a range box as shown in the graph.
Entry @ CMP ( for aggressive )
For safe traders : Break out of the box and re-testing of breakout ,
Targets 53.95 , 59.50 , 63.25
STOP LOSS : 48.50
Please remember, this study is only for education purpose. Please do your own analysis and trade at your own risk. Do not forget to Boost my study , if you agree with my idea.
Company's Fundamentals are very strong. Promoter's holding is 61.75% and MF holdings is 15.32 % which is a good percentage and a sign of confidence in this stock. We see a trend reversal in the stock from the strong supply zone before coming in a range box as shown in the graph.
Entry @ CMP ( for aggressive )
For safe traders : Break out of the box and re-testing of breakout ,
Targets 53.95 , 59.50 , 63.25
STOP LOSS : 48.50
Please remember, this study is only for education purpose. Please do your own analysis and trade at your own risk. Do not forget to Boost my study , if you agree with my idea.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.