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