NeeteshJain
Short

Mothersumi Bearish Setup

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

Comments

Hello sir...wish you a happy new year. Kindly advise update on Motherson sumi. It is still showing bearish pattern. Can we short now?
+1 Reply
@samayra, Dont short until it breaks and closes below 322 levels. Regards
Reply
samayra NeeteshJain
@NeeteshJain, Well noted, thanks for your quick reply.
Reply
321.95 cmp and Sl hit bro
Reply
Is it an intra day call bro? Or positional
Reply
Any SL on the motherson sumi trade??
Reply
Hello Sir..What targets and SL do we use if we want to use this in Futures...Thanks
+1 Reply
@ojas, The above mentioned prices levels marked as per Spot rates, you need to adjust it as per the Futures premium or discount. Regards
Reply
ojas NeeteshJain
@NeeteshJain, Thanks
Reply
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