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Finkhoz Roboadvisory Services

15th Apr · SEBI-Registered Analyst

MOTHERSON
: Rebounding from Structural S upport

MOTHERSON
is staging a strong recovery after testing the critical 119.45 support zone (the red line), which has historically acted as a significant pivot point. The recent price action shows a sharp bounce with a green candle, suggesting that buyers are stepping in aggressively to defend this structural base. With the RSI at 57.48, the stock has successfully cooled off from overbought levels and is now positioned in a healthy momentum zone for a fresh move. As the MACD stays in positive territory and the price aims for a retest of the 129.22 blue resistance line, a breakout here could open the doors for a swift climb toward recent highs.

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