Motherson

Samvardhana Motherson International is maintaining a strong bullish structure on the daily chart. The stock has witnessed a sharp upmove from the ₹145–150 zone and is now consolidating near ₹170, indicating profit booking is being absorbed at higher levels. Technically, the stock is trading comfortably above its key moving averages, while MACD remains positive and continues to support the bullish momentum. RSI is around 74, showing strong momentum but also indicating that the stock is entering an overbought zone. Therefore, some consolidation or a mild pullback cannot be ruled out. The immediate resistance is placed around ₹173–174. A decisive daily close above ₹174 with strong volumes can trigger the next leg of the upmove towards ₹178–180 and potentially higher levels. On the downside, ₹166–167 is the first important support, followed by ₹159–160. Holding these levels would keep the overall bullish structure intact. A sustained move below ₹159 would weaken the current momentum. Outlook: Bullish above ₹166–167, with ₹174 acting as the key breakout trigger. Fresh momentum is likely only after a sustained breakout above ₹174.