Mothersons Sumi Ltd. is continuously making Long Term Parallel Channel Pattern in a Downward Zone.
On weekly Chart, Having Long major Support at the Range of 100-104.
If make good support then Upside Sudden Spike is expected in the Channel pattern and Along with Fibonacci Range with 23.60% Retrace range of 134-144 Levels.
Major Support -- 100-104
Upside Range -- 118-132-144
Time Frame -- 1-2 Months.
For Education Purpose Only.
On weekly Chart, Having Long major Support at the Range of 100-104.
If make good support then Upside Sudden Spike is expected in the Channel pattern and Along with Fibonacci Range with 23.60% Retrace range of 134-144 Levels.
Major Support -- 100-104
Upside Range -- 118-132-144
Time Frame -- 1-2 Months.
For Education Purpose Only.
Trade closed: target reached:
upside tgt of 144 reached .....trade closed.