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Long

Motherson Sumi

By s.arun.natesh
Updated
While we have been adding positions in Motherson Sumi first from 70 levels and again when it moved above a Triangle formation, there is a strong case for a fresh long. Friday saw some profit taking at higher levels leading to a long upper wick but the trend seems to be intact. A good buy set up can take the stock to 116 with a stop at 87. Go long for a positional trade
Note
Strong up move continues
breakoutbuysetupbuyzoneChart PatternsTechnical IndicatorsmothersonsumipostionalTrend Analysis
s.arun.natesh
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