Monthly Chart

Motherson Sumi Systems which has been one of the STAR performers from last 10 years has moved from 10 to 400 excluding split bonus and dividend.

Is there still more upside for the stock ?
Has the stock has made a long term top ?
Is this the right time to invest or exit the stock ?

The Elliot Wave counts suggest a long term top for the stock and it could head towards south in medium to long term as the cycle degree probable counts have made a long term top. A bearish pattern witnessed in short term charts coinciding with the fractal nature of charts confirming the south direction.

Till which levels the stock could correct _ _ _. We are short in the stock from 340 levels ….

There is a big STAR trading opportunity in short , medium and long term coming up for the stock

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