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Motherson

Swing trade idea in MOTHERSONAbout the Company: Samvardhana Motherson International Ltd. is a holding company, which engages in the manufacture and sale of wire harnesses, components, and wires to automotive original equipment manufacturers. It operates through the following segments: Wiring Harness, Modules and Polymer Products, and Emerging Businesses. The Wiring Harness segment focuses mainly on the business of manufacturing and trading of wiring harness, its components and rendering of support service function exclusively to wiring harness operations. The Modules and Polymer Products segment includes manufacturing and supplies of plastic parts and system modules for vehicle interiors and exteriors. The Emerging Businesses segment refers to the Elastomers, Precision Metals and Modules, and Services operations of the company. The company was founded by Swarn Lata Sehgal on December 19, 1986 and is headquartered in Mumbai, India.
NSE:MOTHERSONLong
by LeonCallz
5
Motherson Sumi : DI+ crossed above DI- on Daily/Weekly chart#MOTHERSUMI is strong on all technical parameter and DI+ crossed above DI- on Daily and weekly chart. Today stock crossed above 50SMA while treading below 200EMA. Aggressive short covering with High trade and Delivery Quantity is showing coming bullishness in stock. If Auto sector will perform then this stock will run together. Showing Bullish result in Technical Parameter: CCI is treading UP Stoch is treading UP PSAR indicating bullish reversal DI+ crossed above DI- on both daily and weekly chart RSI is treading UP MFI is treading UP 20EMA crossed above 100EMA Aggressive short cover ---------------------------------------------------------- Resistance : 100 & 101.50 & 105 Breakout : 98.25 LTP : 97.35 Breakdown : 96.50 Support : 94.60 & 91.45 ---------------------------------------------------------- Positive & Negative Point: 1) Neutral in Daily/Weekly chart 2) Very Bearish in Monthly chart. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
MLong
by singajai