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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Friday, 5 August 2016

Motherson Sumi: 355-365 may be a big hurdle despite fund raising plan and probable inorganic acquisition

MSL may be running far ahead of its fundamentals at TTM PE of  around 65 (standalone) & 36 (consolidated)

 Trading Idea: MSL

 CMP: 348

 Sell around 355-365 

 TGT: 333*-325-314-308*-297-285-274-264-248-235* (1-3/6M)

 TSL> 375

 Note: Consecutive closing (3 days) above 375 for any reason, MSL may further rally up to 385-396*-405 and 421*-460 in the near to long term (alternative bullish case scenario).

 Any one long in the counter and want to continue may also watch 333-325* zone as near support zone for the scrip.

 Analytical Charts:









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