Motherson Sumi Wires-P1 - Mid Term View

Atualizado
Motherson Sumi Wires charts on its Daily chart pattern shown clear formation of cup and handle formation complition followed by Volume & Price breakout (@66.95). Suggesting that script is now in good upward trend will attain new targets.
CMP: 70.95
Targets: 74 -82-86
SL: - 64
The likely resistance being at 74. Once it closes above this level the next possible target is at 82-86 zone.

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Trade ativo
motherson sumi, has gone pass its into short term profit booking and now shown reversal on charts, will resume its northwards journey for the possible target of 77.80; Immediate resistance will be faced at 73.20 & 75.25 levels. stay invested with a strict stoploss of 66.85.
Chart PatternsTechnical IndicatorsTrend Analysis

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