NeeteshJain

MOTHERSUMI TRIANGLE BREAKOUT

Long
BSE:MOTHERSUMI   MOTHERSON SUMI SYSTEMS LTD
It is been observed on the hourly chart that the price action breaks above the symmetrical triangle indicating a further move up.

Target: 336

Target: 340

Stoploss: 328
Trade active
Trade active: Good time to enter this one as it has taken the support and now moving up again. Regards
Trade closed: stop reached: Lesson Learned: False Breakout as volume increasing after the breakout and not at the time of breakout.
Comment: Read the chart to understand, How big players create a trap for retail traders


Regards