Mothersumi stock closed at 157.15. Stock possible small uptrend. This level is not to buy. Already Mothersumi stock analysis call given by Sharemarketrider at Mar 01 2019. Call given at 160 with small stop loss. Call not move full target. It is move 175 . Stock target given 18% but stock moved 10% only. After 175 reach it was down stop loss below and come down Rs 140.
Now #Mothersumi company long trend based not break 190 level. So possible to down . Now level based stock move up 167. After 167 level reach it is try to break recent high 175 level. If not break stock come down as we expect.
Mothersumi stock analysis
Mothersumi stock support and resistance level , Closing based 135 is the support level and 171 is the resistance.
Buy call given by sharemarketrider after reach 175 it is come down 139.90, not break Support level 135. Mothersumi stock taking support 135 level recover 160 level. 18/04/2019 high price was 162.9 and closed at 157.15 .
Sell #Mothersumi 165 sl 190 Target 115 / 95.
Note : Stop loss price closing priced based.
About Motherson sumi
Samvardhana Motherson Group (SMG) combines the power of innovation and product quality to passionately create world class products the cater to customer needs across diverse industries, especially automotive.Founded in 1975. the group has a diversified industry leading portfolio of auto ancillary products and services that make it a full system solution provider for its customer across the globe.Read more