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Price and trend forecast of MSUMI for Tomorrow, Weekly, Monthly

Motherson Sumi Wiring India Limited

Symbol: NSE:MSUMI

ISIN: INE0FS801015

72.62

As on 2024-06-13

55.35 (52W Low) 74.80 (52W High)

MSUMI's Today's Performance

Motherson Sumi Wiring India Limited started the day by opening at 69.06 today 2024-06-13. Its shares reached a high of 74.30 and dipped to a low of 68.64 in intraday. When the markets closed, MSUMI’s stock price settled at ₹72.62 per share. Also check out its key support and resistance levels.

MSUMI Buy/Sell Targets

Tomorrow, buy MSUMI when its price reaches ₹ 72.62 with a stop-loss order at ₹ 71.39. You can set the target price as ₹ 73.85 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MSUMI for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for MSUMI

Downside Targets Value in ₹
Tomorrow Down Target 1 75
Tomorrow Down Target 2 78
Tomorrow Down Target 3 81

Important Levels for MSUMI

Holding Levels Value in ₹
Tomorrow Up Target 1 69
Tomorrow Up Target 2 66
Tomorrow Up Target 3 64
Based on where the stock opens tomorrow, if MSUMI opens on a positive note, our first target will be ₹75. If Target 1 is achieved, we will aim for Target 2 which is ₹78.

But if MSUMI falls below the average value of ₹71.85, you can enter a sell side position with target number 1 - ₹69 and second target - ₹66 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MSUMI

Looking at MSUMI, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MSUMI has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MSUMI is moderate bullish.

Tomorrow's Volume based share price Forecast for MSUMI

MSUMI's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -49%.

Reversal detection for MSUMI

Predicted trend chart of MSUMI tomorrow for price forecast
MSUMI may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹69 in morning tomorrow
Target 1 tomorrow74
Target 2 tomorrow75
Target 3 tomorrow78
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MSUMI's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MSUMI opens on a positive note, our first target will be ₹75.07. If Target 1 is achieved, we will aim for Target 2 which is ₹77.51.

But if MSUMI falls below the average value of ₹71.85, you can enter a sell side position with target number 1 - ₹69.41 and second target - ₹66.19

MSUMI's Weekly Targets
1st Up Target 75.40
2nd Up Target 78.19
1st Down Target 68.73
2nd Down Target 64.85

As the week for MSUMI ended on bullish sentiments, we can expect further continuation of this sentiment. MSUMI's initial target will be 75.40 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 68.73 in the upcoming week.

Weekly OHLC Values
Open 68.40
High 74.30
Low 67.63
Close 72.62

Week for MSUMI started with an open price of 68.40, and the close was at 72.62. MSUMI reached the highest of 74.30 and dipped lowest up to 67.63 last week. This indicates a bullish sentiment for the week.

MSUMI full month swing targets
Monthly Up Target 1 82.07
Monthly Up Target 2 84.86
Monthly Down Target 1 62.06
Monthly Down Target 2 51.51

Targets of ₹82.07 can be expected to be reached in the coming month. Once MSUMI achieved this target, we can aim for the next upside target of ₹84.86.

MSUMI if fails to hold upside, down targets of ₹62.06 and ₹51.51 can be achieved by end of this month.

For complete three weeks if MSUMI is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

MSUMI is expected to reach the target of 75.07 in tomorrow's trading session.

After achieving the initial target in MSUMI, we will aim for higher targets of 77.51 tomorrow.

However, if MSUMI starts to trade below ₹71.85, then we will shift our focus to the sell side and aim for down targets of 69.41 and 66.19.