MOTHERSON SUMI WRNG IND L
Long
Updated

MSUMI |Support & Resistance | EMA |

The chart analysis based on support, resistance, ema and fib.

- price respecting the 200 ema
- resistance at fib 50% and area of confluence in weekly chart
- enter above supply zone


entry above Rs 54, stop loss below Rs 52.50 or 5%, target Rs 62 or 15%

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Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Note
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strong buying in last 15 min.
Note
Price near support level, wait for confirmation for any long position.

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keep it on watchlist, huge volume surge i.e., 5 times X Average Daily Volume

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Note
Bullish Monthly Candle

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Trade closed manually
close the position (if any) as per price action.
Trade active
resistance breakout !!

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Disclaimer