Long
Motherson Sumi Systems LONG
Updated
Stock is making a flag like pattern on daily TF.
Buy above 150 with stop loss at 148.
This is a parabolic move and the stock is Overbought on RSI. Hence look for booking quick profits.
Buy above 150 with stop loss at 148.
This is a parabolic move and the stock is Overbought on RSI. Hence look for booking quick profits.
Trade closed: target reached
Booked 5% profit here. It still has upside left and can go to 165 but booking profits right now since I am skeptical of correction in index.
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