Motherson Sumi Double Bottom Pattern (will it repeat again) Long

Description

⋅ Jul 17, 2021 6:19 PM

NSE:MOTHERSUMI
This is for Positional Trade

Mothersumi is forming double bottom pattern same like it did before.

I have marked the formation of double bottom pattern and also the previous formation of it.

You can take position once the neckline will get tested for support. And then it will be easy target of 35-40 points up move in just couple of days.

All the best for trading in next week.

Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.

Comments

Sambh

⋅ Jul 26, 2021 2:06 PM

hi. Is this still a double bottom pattern? or has it converted into a double top pattern? when we join the candle sticks from 28 jun till today is forms a M like shape.

Trading_hawk

⋅ Jul 26, 2021 2:20 PM

@Sambh,

Hi, Yes. It can be also a double top pattern. But My personal view is that it will form triple bottom pattern. I have already shared the new trade setup of it today.

That support range is strong and I feel that it will not be easy to brake it.

Trading_hawk

⋅ Jul 29, 2021 10:11 AM

@Sambh,
Bro,
Now triple bottom pattern is confirmed , right?

federalMagpie90736

⋅ Jul 22, 2021 5:21 PM

Thank you for the wonderful chart. I was stuck in this stock at 254 and its not moving. Hope this time it moves before the results

Trading_hawk

⋅ Jul 22, 2021 5:32 PM

@federalMagpie90736,
🙏