PratikLodha

MOTHERSONS Breakout Trade Long Setup

Long
NSE:MOTHERSUMI   MOTHERSON SUMI SYS
NSE:MOTHERSUMI

Buy Around 235-240
Target 270, 285, 300++
Stop loss below 224 on Daily Closing Basis



Mothersumi has retraced 50% from the top and reclaim all its gain.

Has formed cup without handle

Given Breakout of Cup Pattern

Good risk-reward trade against 26 points Sl against 60 Points target

Price, Volume , and Momentum positive


Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
Comment: first target hit