Motherson Sumi ChannelBeen waiting for motherson sumi to break out of the channel but unfortunately doesn't seem likely. Stock may continue it's downward journey.
Channeltrend
SBIN Channel Trade Opportunity Take 2SBIN
CMP 298.60
Last time we took a shot in SBIN at 300.85 and it worked well achieving it's 1st target
Looks like we have a re-take opportunity. Will it achieve its's 2nd target this time round. Only time will tell...
Consider to sell again in the zone of 298-301.50
for target of 292 / 288
sl if closing above 303
Take care & safe trading...!!!
