Samvardhana Motherson International Limited (MOTHERSON)

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Samvardhana Motherson International Limited (MOTHERSON) Samvardhana Motherson International LimitedNSE:MOTHERSONrajesh74Technical Summary: Breakout Alert Resistance Zone (~143.50 - 145.00): The chart shows a clear, major horizontal resistance zone where the price had previously peaked and consolidated (represented by the grey shaded box). Current Price Action: The stock has successfully broken above this resistance zone, closing strong at 148.12 (+3.29%). New Support Level (~143.50): Following the classic rule of polarity in price action, the old resistance zone around 143.50 is now expected to act as the immediate, key support level if the price pulls back. Outlook: The chart indicates a clean bullish breakout from a consolidation phase. As long as the price holds above the 143.50 level on a closing basis, the bias remains strongly positive for swing trading.