These 5 stocks trading below ₹50 can potentially soar up to 46%; say charts

Stocks under ₹50: Motherson Sumi, Den Networks, Oswal Greentech, Mirc Electronics and Ambica Agarbathies can potentially zoom up to 46% from here, hint technical charts.

An analysis of stocks trading below ₹50 per share suggests that these 5 stocks namely - Motherson Sumi Wiring India, Mirc electronics, Oswal Greentech, Ambica Agarbathies & Aroma Industries and Den Networks look favourably placed on the charts.  Technical charts suggest that these 5 stocks can potentially rally up to 46 per cent in the coming period. 

Trading strategies in 5 stocks under ₹50:

Motherson Sumi Wiring India

Current Price: ₹39.50  Likely Target: ₹46.50  Upside Potential: 17.7%  Support: ₹38.40; ₹37.10  Resistance: ₹40.70; ₹41.40; 43.25  Motherson Sumi stock had cracked over 18 per cent in the