SELL MOTHERSUMI (Motherson Sumi Systems Limited) BELOW 139
MOTHERSUMI (Motherson Sumi Systems Limited) SELL BELOW 131.5
Check chart for brief.
Motherson Sumi price action shows a possible short term trend reversal post hitting all time high yesterday with resistance getting built around 490 reference. Sentiment turned negative on the daily charts post the price rejecting from the all time high. Short term corrections are expected as long liquidations and profit booking is expected in this counter.
Looks good for a target of 295-297
Price revisiting key resistance. Will the breakout happen. The chart reminds me of Pricol chart at 55-ish.