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Investors with a short-term perspective can sell the stock of Motherson Sumi Systems at current levels.
On Monday, the stock tumbled 6.7 per cent with good volume. This fall has strengthened the short-term down trend that has be en in place since encountering a key resistan ce at ₹150 in January. The stock currently trades well below its 21- and 50-DMAs.
Overall, the short-term outlook is bearish for Motherson Sumi Systems. The stock has the potential to trend downwards and reach the price targets of ₹110 and ₹107 in the upcoming trading sessions.
Traders can sell the stock with a stop-loss at ₹117.5.
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