AbhishekHSinghCMT
Short

Mothersumi - Butterfly can deceive you between 430-440 Zone

NSE:MOTHERSUMI   MOTHERSON SUMI SYS
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Mothersumi if faces resistance between 430-440 -you should be careful as butterfly can deceive the bulls. Once we see it facing resistance & not able to cross the zone 430-440 then we look for targets downside at 335-350 as 1st Target Zone. Below 335 for 275-280 as 2nd Target Zone & Below 275 for 245-255 as 3rd Target Zone.

Last Idea Published - Tech Mahindra - 40 points -Block Hole Delivery@445

May 19
Trade active: 15:28 Hrs 19th May2017

Last Price@426

Just Kissed 429

May 22
Trade closed manually: 10:44 Hrs 22nd May2017

In the PRZ 430-440 -as expected - can't follow the post so closing the same.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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Comments

Hi Bhai, Waiting for your next update on Mothersonsumi Short call (Trade Activation). Thanks in advance!
Reply
Trade active: 15:28 Hrs 19th May2017

Last Price@426

Just Kissed 429

It is for Mothersumi Short?
Reply
@AMBRISH, Hi Ambrish -it is 13th May Update - I guess it was for short updated last week. It was all written in the main update- if faces resistance 430-440 ....It touched 429 so, you have to be ready in markets .
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@AMBRISH, Also I have attached the chart of Motherson sumi as well @15:28 Hrs 19th May2017 -then what is your confusion?
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@AMBRISH, Now, you made me confused by asking this question - "It is for Mothersumi Short?"
Reply
@AMBRISH, By the way, you have to plan -how to trade & where to keep stops as these harmonics are risky pattern. I have suggested but always you have to execute using your knowledge as well because it is your hard earned money.
Reply
AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, I am not technical expert, but i will put stop loss on upper end of weekly Bollinger Band.in this case it has already crossed Monthly B.Band.

Can you guide me for S.L ?
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@AMBRISH, Hope, it is clear to you.
Reply
AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, When i read your post under Tech M,, i regret for inconvenience .
I am sorry for not checking chart below (Mothersumi).

"Confusion Is My Epitaph,"
Reply
No, my post is little tricky -you have to read it carefully. I always play with words. Have a nice weekend.
Reply
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