Stock of the day : Samvardhana Motherson International Ltd by Target Rs. 111 - Religare Broking Ltd

Samvardhana Motherson International Ltd
Buy Samvardhana Motherson International Ltd CMP 105.05 Range 104-106 SL 102 Target 111
* MOTHERSON price action exhibits potential for a bullish reversal, having closed above a breakout from a declining trendline.
* The stock remains supported above key short- to medium-term exponential moving averages (20, 50 and 100 EMA), signaling strengthening momentum.
* Accompanying volume expansion reinforces price stability and suggests continuation of the upward trend.
* Market participants may consider accumulation within the current range, aligning positions with the prevailing bullish trajectory and technical confirmation of sustained buying interest.
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