 "Buy Motherson Sumi with a target price of Rs 540: Prabhudas Liladher")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY MOTHERSON SUMI
CMP: Rs 490.10
TARGET: Rs 540
STOP LOSS: Rs 464
The stock has a very good run-up right from Rs 280 and is still buoyant to give an upward move to scale new highs. The volume participation has been consistently very decent and with the RSI and MACD on the rise, we anticipate the stock to move to the target level of around Rs 540. We recommend a buy in this stock keeping a stop
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