2025-05-06 11:45:55 am | Source: Religare Broking Ltd
Stock of the day : Motherson sumi systems Ltd For Target Rs. 152 - Religare Broking Ltd
Motherson sumi systems Ltd
Buy Motherson sumi systems Ltd CMP 138.91 Range 138-139 SL 131Target 246
* After experiencing significant correction from its all-time high, the stock found support around its 200 WEMA and bounced back strongly.
* It has formed a small base near its short term moving average creating a fresh pivot.
* The volumes have been robust during this rebound suggesting buying interest from lower levels.
* We expect this recovery to strengthen further and hence longs can be created in the mentioned range.
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