There is a possibility for one more move down in Motherson Sumi

NSE:MOTHERSUMI
The Box in Chart represents possible areas of rejection.
The Stock is Bullish in Long Term but right now it is going through Correction(Simple if not Complex correction).
There seems to be a trendline breakout but I am not sure if the breakout is bullish enough to start a new Impulse.


Overall: I am holding the stock because its a stunner for Investment and
the analysis on the profile are merely my observations and in no way trading suggestions.