As per the above chart NSE:MOTHERSON is bullish has given a breakout and can go till the upper line of the channel, If it breaks the channel there is possibility of further upside. But till now it looks like its going in Correction wave ABC. Where wave C can go till Ext fibo ratio of 1.272 or 1.618 . Safe to book near 1.272, Considering the bigger timeframe...
BSE:MOTHERSON
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Motherson | MothersonSumi
#Motherson #MothersonSumi #trading #fallingwedgepattern
CMP 119.55
Might be getting ready for a breakout from a falling wedge pattern.
Volumes are increasing as well.
NSE:BHARATFORG
#BHARATFORG trading bullish and formed ascending triangle.
Levels marked on chart for practice.
Happy LEarning !!
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NSE:MOTHERSUMI
Motherson sumi stock heading towards harmonic support
PRZ 122.60
Stop Loss:- 119.55 (closing basis)
first target gap filling
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not...
NSE:MOTHERSUMI
Observations:
1) On 1hr time frame, we can see it has been trading in 10point range from 132-142.
Please refer below chart : 1hr time frame.
2) On 15min time frame we can see it is at the support channel. There can be chance if it takes support from it then we can see an buying but remember immediate breakout level is 142.
But if it...
The chances of trade being successful increase when you combine Price action with Indicators.
This Trade setup uses Weekly and daily timeframes and two indicators – RSI & MACD.
Stock: Motherson Sumi
CMP: 135.65
Type: Swing Trade (delivery)
Buy level: 139.50 (on a breakout above rejection candle high on weekly timeframe)
SL: 119.40 (Slightly below rejection...
On the 2 Hour Chart of MOTHERSUMI, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 225.40, 230.35, and 234.20. Whereas, on the other hand,...
NSE:MOTHERSUMI
CUP and HANDLE Pattern under Formation in Monthly Charts
Breakout Zone : Above 240-250 on MCB.
Monthly BO will confirm huge upside targets.
Next Targets : 351 - 418 - 529
SL : 190
Monthly RSI > 60
Motherson Sumi as per monthly, weekly and daily chart analaysis its in consolidation phase and once it breaks above 260 level then its a multi year break out and target 270 level.
![MOTHERSUMI: Simple Trade Setup | MOTHERSUMI | 02-05-2022 [INTRADAY]](https://s3.tradingview.com/z/ZJhdWwGT_mid.png "Simple Trade Setup | MOTHERSUMI | 02-05-2022 [INTRADAY]")
