NSE:MOTHERSUMI   MOTHERSON SUMI SYS
154 views
3
breakdown below 300
Trade active: head and shoulder breakdown
Comment:
Order cancelled

Comments

@kacharts since the chart is daily, we have to look at closing price. Since it closed above 300, trade shouldnt be triggered. If you look towards the left there is also a candle below 300 but it rose up and closed above 300.
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kacharts AdityaSubramanyam
@AdityaSubramanyam, totally agreed but in case of confusion when u look closing price always look line charts - breakdown actually happened below 304 and yes i preempted breakdown by seeing volume and behaviour of stock
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kacharts AdityaSubramanyam
@AdityaSubramanyam,
also below all the moving avgs
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kacharts AdityaSubramanyam
@AdityaSubramanyam, but anyway , short is valid only if price closes below 300 else short is not valid
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If it close below 300, what should be the target?
Reply
kacharts viveksood10
@viveksood10,
284 1st imp support
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