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: