Motherson sumi has formed a w-pattern in the daily chart. The shareprice has just closed above the redline. I suggest to buy MSUMI at current price with SL mentioned in the chart
Comment:
w pattern - profit = middle pullback point- lowest point of W = 135.75-127.5=8.25
Motherson sumi on 22/02/2019 @ 13.32 tradding at 144.30. close to our profit range .
We can book profit at this range
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Motherson sumi on 22/02/2019 @ 13.32 tradding at 144.30. close to our profit range .
We can book profit at this range