Motherson Sumi Wiring India Limited (MSUMI) Stock - Complete Technical Analysis - Nov 29, 2024

Motherson Sumi Wiring Technical Analysis Support, Resistance & Key Insights for Traders MSUMI St

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) is currently trading at 63.99, which is 20.01% below its 52-week high and 8.27% above its 52-week low. The stock shows mixed technical signals as it faces resistance near 64.50. On the downside, support is seen around 62.50 and 61.42. The Relative Strength Index (RSI) is neutral at 53.5, while the MACD is negative, signaling potential weakness in the short term. However, the Stochastic RSI is overbought, indicating the stock could face a short-term pullback. The ADX value of 23.75 suggests a weak trend, with the stock likely consolidating rather than trending strongly in either direction. A breakout above 64.50 could trigger further upside momentum, while a fall below 62.50 could lead to a retest of the 59.1 support. Traders should watch for a clear trend to emerge before taking positions.