Bravetotrade

Motherson Sumi: Buying Opportunity

Long
NSE:MOTHERSUMI   MOTHERSON SUMI SYS
Nice breakout with strong momentum on RSI and above average volume .
Currently near resistance zone 327-329.
Lets see if it gives a buying opportunity on pullback or else the price action above the resistance will decide the entry. Targets are mentioned.

Hit like if this information is useful.
Trade safe

Regards
Bravetotrade
Comment: Gapup so no entry so far.
Comment: In with a small stop, let's see what this notorious stock will do.
Comment: Struggling near 333, so moving SL to BE
Comment: I am out in strength, it was an interesting scalp.
Comment: MOSS gave a nice buying opp. at support line but I had been waiting for a deeper pullback near 320, so far its missed. But if the current down move from 339.70 end up as an ABC type correction, I ll reconsider buying.


Comments

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