This presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Motherson Sumi Wiring India , a subsidiary of Motherson Sumi Systems Limited and a leading manufacturer of wiring harnesses and other automotive components.
Reasons are listed below :
Strong Resistance Turned Support : The price level of 65-67, previously a...
Here we can see a Swing Trade idea in NSE:MSUMI
BUY MSUMI
CMP 71
TP 78
SL 68
Motherson Sumi Wiring India Ltd. engages in the manufacture and sale of wire harnesses, components, and wires to automotive original equipment manufacturers. The company was founded on July 2, 2020 and is headquartered in Mumbai, India.
Motherson Sumi Wires charts on its Daily chart pattern shown clear formation of cup and handle formation complition followed by Volume & Price breakout (@66.95). Suggesting that script is now in good upward trend will attain new targets.
CMP: 70.95
Targets: 74 -82-86
SL: - 64
The likely resistance being at 74. Once it closes above this level the next possible...
Positional Pick MSUMI Buy 63-64 SL 57 with Tgt 75/90
DISCLAIMER: These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on...
Embark on an insightful journey through the stock landscape of Motherson Sumi Wiring India Ltd (NSE: MSUMI). Our analysis at NEOALGO delves into the intricacies, spotlighting growth opportunities backed by compelling factors.
As we navigate MSUMI's trajectory, notable signals emerge, suggesting a potential upswing. From robust order blocks to strong upward...
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern—the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom . As...
MSUMI Wiring (Swing):
MSUMI Wiring is yet to test a major resistance zone and well set for a 35-50 % up move.
Appropriate resistance and target zones are highlighted.
Trade offers a RR of more than 1:6.
Note: Do your own due diligence before taking any action.
MOTHERSON SUMI WRNG IND near abt to give weekly resistance zone once it gives breakout with gud volume and strong bullish candle we can play this for swing with proper RR.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other...
