akshay1808

Motherson Sumi Falling

Short
NSE:MOTHERSUMI   MOTHERSON SUMI SYS
Triple divergence noticed in stochastic pattern NSE:MOTHERSUMI showing a clear weakness in stock. There may be a recovery up movement on Monday (due to Friday's heavy fall) that can take stock upto 325 level. SELL it (323-325) and aim for target of 310 (T1), 298 (T2), 279(T3).

Trade active: Reached T1 i.e. 310. Although ideal selling price of 325 didn't came.
Trade active: Maintain your sell position. Tomorrow we will see next downside.
Trade active: Patience is paying well. Motherson Sumi reversed and falling further reaching at 306.8. Tomorrow it should attend T2 i.e. 298.
Trade closed manually: Not finding any downside from here. MACD bullish crossover also occured. Better to exit at no profit, no loss.

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