#Educational #Automobile #Mothersun Sumi - Sell

Mthrsn : looking bearish.
> Sumitomo Wining Systems sell their stake of rupee 1600 crs.
> Dead crossover on higher timeframe.
> RSI left all the strength.
> Volumes supported.

Expected targets in near term would be 50 to 45.

Comment:

stock has given 61.90 low and took support from the same level.
Nice bullish engulfing candle formation on daily TF and on hrly chart trend line breakout seen.

Order cancelled