vanathi

MotherSumi - April 13 Day Trade!

NSE:MOTHERSUMI   MOTHERSON SUMI SYS
203 2 14
Mothersumi             has taken support at 372 - 374 level forming double bottom . RSI shows hidden bullish divergence . If the price shows strength we can go long. Otherwise price action will break the double bottom and fall further.
Buy above - 374 Stoploss - 372 Targets - 377, 379 and 381
Sell below - 372 Stoploss - 374 Targets - 369, 367 and 365
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 13th April 2017 only.
Analysis based on 1. Support & resistance 2. Double bottom 3. RSI
Trade active: @ 374
I think it will further go dn tgt 365 lets see what happen..
Reply
vanathi TOP rajiv1000
@rajiv1000, You are bearish...
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