vanathi

Mothersumi - Will it break the upper channel?

NSE:MOTHERSUMI   MOTHERSON SUMI SYS
230 6 9
It has been observed from Jan 2017 price action is moving inside the upward channel. As the price is trending up, the volume seems to be reducing. Now the price is at the upper side of the channel. Will the price move up breaking the channel or it will move towards the lower side of the channel? Experts please comment.
MS System:Lower volume means It is accumulation stage and will breakout to 450 -500
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@dinsha, Thank you for sharing your view. Lets see what happens with the price in future.
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Breakout looks slightly difficult if we go as per the volumes on the counter.
But then Stock market is currently on the mercy of the horns of a bull. So, any level could be rammed.

Let's see how price action plays out !!
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vanathi Shashi_Y
@Shashi_Y, I agree.
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https://twitter.com/prashanttejura/status/855086464647942144
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vanathi prashanttejura
@prashanttejura, Thank you for sharing your view.
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