MSUMI Bullish Technical Setup

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MSUMI Bullish Technical Setup

is a leading Indian manufacturer of automotive wiring harnesses and electrical distribution systems, playing a critical role in ICE, EV, and next-gen mobility platforms.

Technical View:

The stock failed to give a bearish anchor follow-through and has now negated that setup, which strengthens the bullish bias.

As long as ₹43 holds on a closing basis, the structure remains constructive.

Upside Levels to Watch:

️ ₹62 – near-term objective
️ ₹92 – structural target on sustained momentum

Actionable Insight:

Traders and investors can keep MSUMI on their radar and participate strictly as per their own trading/investment systems with disciplined risk management.

Theme: Auto Ancillaries | EV Play | Relative Strength Improving

Nishesh Jani,CFTe

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