Samvardhana Motherson International Limited (MOTHERSON) Stock - Complete Technical Analysis - Sep 17, 2024

Samvardhana Motherson International (MOTHERSON) Stock Analysis: Key Support, Resistance & Technica

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Samvardhana Motherson International Limited (MOTHERSON) is currently trading at 195. The stock is positioned between its 52-week high and low, suggesting potential volatility. The Relative Strength Index (RSI) indicates that the stock is in a relatively neutral to slightly bullish state, which is also supported by the Stochastic Oscillator and Stochastic RSI, showing a bullish bias.

The MACD is positive, suggesting that the momentum is currently in favor of the bulls. However, the Awesome Oscillator, although slightly negative, doesnt strongly counter the overall bullish sentiment. The Bull Bear Power is positive, reinforcing the bullish outlook, while the Ultimate Oscillator supports the notion of upward movement.

Support levels for MOTHERSON are expected near 190, close to recent lows and pivot points. Resistance levels are likely around 200, where the stock has encountered selling pressure. The Spinning Top pattern observed today signals indecision in the market, implying that the stock might experience some consolidation or a reversal depending on future price action. Traders should watch for a breakout above 200 for potential further gains or a drop below 190 for possible declines.