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Motherson sumi breakout- tgt 340

176
Motherson sumi broke out above 1 month old falling trendline. The stock saw very strong volumes today. It also crossed above its 20 & 50 DEMA today. MACD indicator too gave a +ve crossover. I expect stock to move towards its recent highs of 340 in few days. We hold.
Trade closed: target reached
Target Achieved.
sethinomics
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Chart PatternsTechnical Indicators

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Chart PatternsTechnical Indicators
sethinomics
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.