It looks like mother Sumi has completed the 4th wave correction, and the ending point of the corrective wave (4) is the starting point of wave (5). Wave (4) is occurring in double three corrections. A "double three" consists of two corrective patterns, the first labeled W, and the second label Y, separated by a corrective pattern on the opposite side, which is...
Motherson Sumi is on Bearish Mode. It has breached the latest support levels 221 & 210 and have steep fall on last 3 days. Expected to go down till 200 where there is a strong support. Unless there is any immediate positve news, the expection is fall further till the support level.
MOTHERSON SUMI - IN RANGE (WYCKOFF METHOD) 1) ANOMALY 2) PRESENCE OF SMART MONEY 3) TESTING OF BOTH-SIDES 4) SPRING ACTION SEEN 5) READY FOR SOS CANDLE FORMATION
Mothersonsumi is again trading inside the channel. Look for breakout or doji at the resistance and go for the trade
Doji at resistance and support is a deadly combination for trading
Trade as mentioned in the chart...positionally
DISCLAIMER: THESE ARE MY PERSONAL VIEWS AND ARE ONLY FOR EDUCATIONAL PURPOSE. IF YOU HAVE ANY DIFFRENT VIEW LET ME KNOW.
Mothersonsumi at a very strong support zone. Longterm Investors can slowly start accumulating this scrip.