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Motherson Sumi Technical Analysis suggests that the stock is trading near a very crucial point. You can observe multiple patterns on the charts of Motherson Sumi. The stock has formed the double bottom or W pattern and is in the process of completing the 3rd bottom. It is also trading in a channel that is a bearish continuation pattern. The crucial support level is around Rs 140 and from there the direction of the stock will be decided.

On Fibonacci Retracement, the stock is trading near the 23.6% level and most common retracement point is 50%. In order to change the trend from bearish to bullish, the stock has to break the 50% retracement.

On the volume chart, Motherson Sumi Technical Analysis suggests the speculative positions, therefore, it does not confirm the delivery based buying.

For long term investment, the stock is trading below both the 20 and 200 periods exponential moving average. Therefore, an investor can wait for buy signal near the price of Rs 173.

The option chain analysis is bullish for next expiry and the stock is expected to move up in the near future.