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Samvardhana Motherson Ltd

Buy Motherson@131.80&Add Upto 129 for the Target of 145/152

MOTHERSON is currently trading around Rs131.80, showing strength as the technical structure remains bullish on the weekly time frame. The stock is forming a strong Bullish Engulfing weekly candle near the crucial 20 Week EMA support zone and is moving higher, indicating renewed buying interest and potential continuation of the uptrend. Rising EMAs and steady accumulation near upward sloping support levels further reinforce the positive structure.

The stock continues to trade above key EMA levels, reflecting sustained bullish momentum and strength in trend continuation. On the downside, strong support is placed around Rs118, aligned with the 20 Week EMA support zone, which is likely to act as a key demand area. A decisive breach below this support zone may indicate further decline and weakening of the ongoing bullish structure

Momentum indicators remain supportive, with RSI near 61 showing a rebound from the midpoint and trending higher, signalling improving momentum. Long positions can be considered at CMP Rs131.80 and on dips towards Rs129 for upside targets of Rs145–152, while maintaining strict risk management

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