amankavi

Motherson: Doubletop reversal ?

Short
amankavi Updated   
NSE:MOTHERSUMI   None
As mentioned in charts, Aiming if swing retraces back as anticipated::
Short - TP = 323, 315, 304and beyond (if breakdown)

Take SL as per risk appetite

The retracement also derives strength from %William also showing downtrend after channel consolidation
Comment:
Going short as anticipated..Can fall anytime after accumulation/swing :)
Comment:
Scrip has done breakout from the channel with bullish momentum. Nevertheless, Never entered the trade as no sign of confirmation prior :)

Now aiming as per charts (Intra-day)
Enter above 359
TP - 363, 367, 370, 375
Enter below 355 (Swing trade - short)

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