Motherson Sumi Wiring India Limited (MSUMI) Stock - Complete Technical Analysis - Nov 08, 2024

Motherson Sumi Wiring India (MSUMI) Stock Technical Analysis Key Levels & Trading Insights

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. Motherson Sumi Wiring India Limited (MSUMI) stock is currently trading at 64.0, significantly lower than its 52-week high of 80.0, and slightly higher than its 52-week low of 57.95, providing some room for movement in either direction. The Average Directional Index (ADX) at 28.66 suggests the stock is in a moderately strong trend. The RSI at 45.22 indicates a neutral stance but with potential for a rebound.

On the moving average front, the stock is below the 10-day and 20-day EMAs, signaling short-term bearish pressure. However, the price is near the 30-day EMA at 65.16, a critical resistance level. A break above 65.16 could lead to further gains, potentially reaching 66.46 (50-day EMA). The Awesome Oscillator is negative, hinting at weaker bullish momentum.

Recent price movements show volatility, with the Average True Range (ATR) at 3.09, suggesting that price fluctuations could continue. The stock's support lies around 63.50, with the next major resistance near 65.75. Traders should monitor key levels, such as 65.0-65.75, for a possible breakout or reversal. A close below 63.50 could indicate further downside potential, while a strong breakout above resistance could signal an upward trend. Keep an eye on MACD crossovers and RSI for confirmation of trend shifts.