Reliance Industries: Key Support Zones for ReversalI daily make educational content videos for swing / positional trading
Earning
Will Motherson Wiring (MSUMI) ride with other auto ancillaries?After NiftyAuto n its stocks saw nice momentum, now with good results in Auto proxy Ancillaries sector, stocks are also performing: Balkrishna Ind, Amara raja, Exide, Uno Minda, JBM Auto, Lumax, Rico auto showing good demand.
Now come to MSUMI analysis, why it can give returns?
FA:
-First of all decent growing QoQ, YoY and overall FY24 growth results for the company.
-ROE: 42.4% (highest among top leaders and ROCE: 48%
-Debt to equity : 0.15 (low)
TA:
-DTL BO Anticipation (Down Trend Line Breakout), tested trend line(TL) 6 times.
-HLs
-VCP in action
-Green vol > Red Vol (only concern can be big supply on 17/may but it can taken as final flushing of supplier from TL resistance, if now tested can break easily)
-Shakeouts are there (kicking out weak players)
-Tight closes with low vol
Overall loving the setup if possible will take cheat entry (Cheat : early entry from small base before BO in anticipation of BO)
Clear Breakout after declaring the Q1
Clear breakout on Daily and Weekly Chart
410 level was the level of resistance until today, but it has braked today.
Very high volume
Q1 result has declared today.
You can take position
410.00 is the initial STOP LOSS and ride with the trend.
bullish pattern #dcal it is looking more attractive for buying at CMP for long term hold time one-two months can go 180-90
GBPUSDFalling wedge pattern breakout down side take it 2% profit this Monday. With me..!!
1 Day time Firm.
