Stock of the day : Motherson Sumi Systems Ltd Target Rs. 163

2025-07-08 10:46:24 am | Source: Religare Broking Ltd

Stock of the day : Motherson Sumi Systems Ltd Target Rs. 163 - Religare Broking Ltd

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Motherson Sumi Systems Ltd

Buy Motherson Sumi Systems Ltd CMP 155.24 Range 154-156 SL 151 Target 163

* Motherson has been steadily trending higher, consistently respecting its upward-sloping trendline—an indication of sustained buying interest.

* Following a brief consolidation phase, the stock has established a minor base above its 20-day EMA, reflecting underlying strength.

* Additionally, a trend continuation pattern observed with constant higher top and higher bottom formation, reinforces the bullish outlook.

* Traders may consider initiating long positions within the specified price range.

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Stock of the day : Motherson Sumi Systems Ltd Target Rs. 163 - Religare Broking Ltd

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