Motherson - Cup & Handle and Flag & Pole

Dec 30, 2023

Motherson has made a cup and handle breakout and a flag and pole pattern. We have a breakout and we can expect price to move to 145. The beauty is if you see the target price - whether by way of cup and handle breakout or flag & pole pattern - we have same target.

Other factors:
1. RSI is above 60
2. MACD is positive
3. Volume is increasing, see breakout volume candle

"Clean Charts, Easy Charts"

Learning & Earning!!!

Cheers!!

Jan 1

Trade active

Touched 108 today..move is on..Cheers!!!

Jan 27

Trade active

Price moved to 115..moving towards our target. Cheers!!!

Jan 29

Trade active

117 today..moving towards our target..Cheers!!!

Feb 6

Trade active

119.5..Cheers!!!

Apr 28

Trade active

132..wow!!! and now we can see a new journey..broken a big resistance with good volumes, we can see good movement

Jun 13

Trade active

167 today!!! Cheers!!!!