NeeteshJain

Mothersumi Bearish Setup

Short
BSE:MOTHERSUMI   MOTHERSON SUMI SYSTEMS LTD
It is been observed on Hourly chart that the price action breaks from the symmetrical triangle formation and came down and retrace back to the previous support which now acting as resistance. Now, it shall further move down.

Target1: 309

Target 2: 302

Stoploss: 321
Trade active
Trade closed: stop reached