Long
Mothersom Sumi : Heavy volume breakout->> Price action
Motherson sumi two price action zone observed :
PA zone 1: 92-103
PA zone 2: 105-115
Past 2 candles have broke both the resistance zones with very heavy volume & todays closing is above the strong supply zone.
Hence high chances to go long in the scrip:
T1: 125
T2: 136
SL 106
PA zone 1: 92-103
PA zone 2: 105-115
Past 2 candles have broke both the resistance zones with very heavy volume & todays closing is above the strong supply zone.
Hence high chances to go long in the scrip:
T1: 125
T2: 136
SL 106
Trade closed: target reached
Target 1 reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.