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Dhwani Patel

18th Jan · SEBI-Registered Analyst

MOTHERSON
Trendline Break: A breakout above the descending trendline suggests a potential reversal from the recent downward momentum. ​Fibonacci Resistance: The stock is testing immediate resistance at the 0.236 (115.60) level. A successful close above this could lead the price toward the 0.382 (117.34) and 0.5 (118.75) levels. ​Volume Insight: Modest volume during the bounce indicates cautious accumulation as the stock attempts to regain its bullish footing.

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