Piyush-Gupta

MOTHERSUMI, NATURE OF SUPPORT & RESISTANCE (CHART# 365)

Long
NSE:MOTHERSUMI   MOTHERSON SUMI SYS
1888 views
74
MOTHERSUMI is at very crucial level and can move good if manages to cross 140.2. Based on closing, this can be positional as well with targets highlighted. Ongoing momentum in AUTO Sector will also compliment its move.
Kindly note, as we had great bull run already I am taking comparatively smaller positions.

Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.

Thanks
Piyush Gupta
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Comments

Excellent job.
+2 Reply
YOUR CHARTS ARE SO GOOD SIR ALWAYS AN INSPIRATION
+1 Reply
Good learning from your charts. Where would your stoploss be?
+1 Reply
Great work sir.
+1 Reply
Thank you for sharing
+1 Reply
Nice....stock gave a strong trendline breakout
+1 Reply
Thanks for sharing
+1 Reply
I have holding in it , expecting more move
Thank you for sharing it sir
+1 Reply
@keepitsimple1331, I will take positional call in this.thanks sir for sharing :)
Reply
Piyush-Gupta keepitsimple1331
@keepitsimple1331, you are already a step ahead.
Reply
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