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

Comments

what ur view now neetesh bhai
+1 Reply
NeeteshJain ravi2126
@ravi2126, It is still consolidating between the range of 335-325. Any breakout above that zone shall decide further movement in the market. Regards
Reply
ravi2126 NeeteshJain
@NeeteshJain, k ...thnx for reply
Reply
downside target sirG ?
+1 Reply
NeeteshJain ravi2126
@ravi2126, I shall update you after the first hour market session. Regards
Reply
Very nice analysis. good learnings for us. thanks.
Reply
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