Motherson upward journeyAfter v good results, consistently last 2 qtrs.
Formed Flag & pole pattern
After breakout, probably heading towards another flag & pole.
Samvardhanamothersoninternational
Samvrdhana Motherson International, can be a choice rational.Samvrdhana Motherson International Ltd. CMP – 89.95
Market Capitalization Rs 60,953.9Cr
Red Flags:🟥
High Valuation (P.E. = 31.9)
Declining annual net profit
Declining cash from operations annual
MFs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
Previous Happy Candles Number – 59/100
New Happy Candles Number – 52/100
X/2 Fresh Entry/ averaging / compounding after closing above 93
Final Entry 95
Targets: 98 and 103
Long term target: 111 and 116
Stop loss: Closing below 85
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Samvardhana Motherson International Ltd now bullishSamvardhana Motherson International Ltd now bullish
Motherson has hit a breakout of the "bullish pennant"
And has also retested
first target was 86.5 approx 9% return
if cross 86.5 then we enter to choppy zone
(86 to 90)
if cross 90 then second target was 97 approx 22% return
keep your stoploss at 75 to 76
If we keep going up, your stoploss should also keep trailing along
