Motherson Sumi crosses ₹165 resistance!!

Motherson Sumi crosses ₹165 resistance Motherson Sumi Wiring India Limited (NSE: MSUMI) closed at ₹165.70 on September 25, gaining 1.97%. The stock moved above its ₹165.57 second-resistance level in the latest technical breakout scan. Why it matters The stock also crossed the first resistance at ₹164.03. The technical pivot is ₹163.27, while the next resistance is ₹167.87. Support levels are ₹161.73, ₹160.97 and ₹158.67. Trading volume was about 1.13 crore shares during the session, showing active participation. The stock is only marginally above the second-resistance level, so the ability to sustain above ₹165.57 becomes particularly important. My view The breakout has improved the immediate technical structure, but confirmation will depend on whether the stock can remain above the breakout zone in subsequent se