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).
Reached T1 i.e. 310. Although ideal selling price of 325 didn't came.
Maintain your sell position. Tomorrow we will see next downside.
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.