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.