MOTHERSON - Low Risk Set up for NEW ATH
CMP: 141
Price is at the confluence zone (Previous resistance turning support / Breakout retest)
Price is at the buyer zone (from 142 to 198 it had a non-stop rally)
Divergence seen on Daily.
Double bottom support at AVWAP from 2023 lows
Wave 4 got over at 136.. a breach below 136 would alter the view.. So the SL is only 6 points
Price is at the confluence zone (Previous resistance turning support / Breakout retest)
Price is at the buyer zone (from 142 to 198 it had a non-stop rally)
Divergence seen on Daily.
Double bottom support at AVWAP from 2023 lows
Wave 4 got over at 136.. a breach below 136 would alter the view.. So the SL is only 6 points
Trade closed: stop reached
price broke 136 and SL hit.. view closed
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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