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jatin_agarwal

Motherson looks strong in this Rally

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SAMVRDHNA MTHRSN INTL LTD (NSE:MOTHERSON)  
jatin_agarwal  
NSE:MOTHERSON   SAMVRDHNA MTHRSN INTL LTD
Trend Analysis Chart Patterns Fundamental Analysis motherson mothersonsumi thebullofdalalstreet auto autosector
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trendanalysis chartpattern fundamental motherson mothersonsumi thebullofdalalstreet auto autosector
MOTHERSON looks very strong on charts. The rally is sustainable in my opinion as the auto sector is in tailwinds and is doing well at the moment. The share formed a double bottom around 60 and has since rallied back up. Previous high could be a good target and therefore, levels of 120 can be expected in the coming months. If the stock breaks above 120, then it would end its long term correction and one can expect further rally.
Jatin Agarwal
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)
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